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I.T.AS. NOS. 357/LB TO 360/LB OF 2003, DECIDED ON 9TH AUGUST, 2006. versus I.T.AS. NOS. 357/LB TO 360/LB OF 2003, DECIDED ON 9TH AUGUST, 2006.


Sections 52, 50 (7D), 50 (8), 2 (32), 9, 151, Second Schedule, Part I, CLS (115A), (79A) and (79B) Sales of Goods Act (II30 of 1930), Section 2 (7) of Pakistan Water and Power Development Act (XXXI of 1958) liability of tax exemptions or failure to pay tax such as Wapda Pension Fund, Wapda GP Fund, Wapda Welfare Fund. Trusts or illegal liberties were not legal. Institutions, bonds obtained directly from Directorate Bonds and deposited in their account without deduction of interest on them, the Assigning Officer determined not to deduct tax on the profits paid to the WAPDA formations and employees. Appellant was found to be a diagnostician at. Assisi receives a monetary profit in his books, both entries were zero Essex, which, as the owner of income and transaction losses, had no income charge, an equal amount of directorate bonds. The expenditure was shown by. The tax charging section was created under deduction was the method of tax collection to meet the charge generated by the law and since there is no tax charge on the same person's internal transaction, in the present case, the SC There will be no question of tax deduction, loss of property income or loss of the transaction and the claimant did not claim the profit of the transaction on behalf of the transaction, the assessee, the payee and the payee. Being a single person does not charge international department transactions, the assessor Not from the officer. The profit on the books in its own format is t

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