I.T.AS. NOS.744/IB, 1255/IB OF 200.5, I.T.A. NO.768/IB OF 2004, M.AS.(R) NOS.22A/TB AND 22B/IB OF 20 versus I.T.AS. NOS.744/IB, 1255/IB OF 200.5, I.T.A. NO.768/IB OF 2004, M.AS.(R) NOS.22A/TB AND 22B/IB OF 20
Fifth Schedule, Part I, R2 (3) Determining the Petroleum Adjustment and Profit and Proceeds From Production and Damage to Dry Hole on the basis that the Assessee failed to comply with the provisions of the law. There was no more. The concession agreement with the Government of Pakistan provides a mechanism for determining and extending losses. Assisi was not entitled to proceed in connection with the dry hole and to claim damages. The Company / Assisi contract was not fully. The Silent Agreement Article Regarding Dry-hole Adjustments and Procedures for Lost Expenses states that all expenses incurred under Part I2 of the Fifth Schedule of the Ordinance are fully stable. Will be adjusted to. In one of the two ways mentioned in R2 (3) of Part I of the Fifth Schedule to the Income Tax Ordinance, the 1979 Assessing Officer failed to keep Witty's contract restitution properly if for the sake of argument. While it was accepted that the concession agreement was silent on such a procedure, the Assessing Officer was not entitled to reject the claim in this manner because in such a situation the revenue itself. Decide whether expenses incurred under Total I (A) or C (b) of R 2 (3) of Part I of the Fifth Schedule of Income Tax Ordinance should be allowed, the first appeal authority of 1979 It was fully justified to keep the costs up for review for adjustment purposes and proceed with the First Appellate Authority's order after review.
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