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COMMISSIONER OF INCOME TAX, COMPANIES ZONE-I, KARACHI versus GLOBE TEXTILE MILLS (OE) LIMITED, KARACHI

Third Schedule Rr 1 (3A) [as already inserted before the Finance Act (VII of 1992)] and 8 (7) (b) (ii) Vacation of the Central Board of Revenue Circular No. 23/88. Admissible Income Tax Ordinance for Term Reduction, filed under the Finance Act 1992, due to depreciation of the original cost of the assets to operate on the written value value Rule 1 (3A) of the Third Schedule, 1979, No direct impact was accepted but could not be allowed due to tax holiday. The fixed value of the assets cannot be deducted from the original value of the assets to determine the written price. If tax deduction could have been deducted from the original value of the assets without such permission, then R1 (3A). There is no need to enforce the supply of demand by. The third schedule of the Income Tax Ordinance, 1979, shall not be relevant for the purpose of wear and tear due to plants, machinery or building, which was not allowable on the basis of actual amount of wear and tear, but fixed in the third Based on the formula. The S Income Tax Ordinance, abolished in 1979, when the Assessment suffered more than fixed rate depreciation, would not allow higher rate abatement when the value of the assets actually increased, then depreciation. This is not denied, but it will be allowed at a fixed rate when the asset was used for the business for the first time enjoying a tax holiday, then the actual price and the written value at the end of the tax holiday period. The two will be the same, which will be applicable to the management considered through R1 from 1992 to 1992. (3A) Income Tax Ordinance 1979 advocate for immigration from Kurram Agency lawyer