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COMMISSIONER OF INCOME TAX, COMPANIES-I, KARACHI versus MESSRS ORIX LEASING PAKISTAN LTD., KARACHI

The provisions of section 50 (7D) of section 50 (7D), the words of the Income Tax Ordinance, 1979 or any type of instrument read found in section 50 (7D) shall be specifically referred to in the financial instruments described in section 50 (7D). Must be viewed with the category. Word for a true understanding of the spirit, purpose and purpose of a loan agreement executed under Section 50 (7D) Loans, Agreements, Banks and Essentials, a leasing company whose terms and conditions are clear. \ Continued \ is also important. Therefore, it cannot be said that the leasing is a financial / instrument issued by the bank in favor of the bank on which the provision of section 50 (7D) of section 50 (7D) is made by the leasing company under the Income Tax Ordinance. Advance tax deduction. , 1979, means revenue from the dialogue instruments of this nature only, and not on any other type of device, has no connection with the financial records listed in this section. The term of the Legislature relates to the category of equipment on which the Assessee has to deduct tax in accordance with the provisions of Section 50 (7D); the doctrine of belief division is a perfectly applicable principle. famous high court advocate from Hayatabad lawyer