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Amendments to Sections 122 (5) and 233 amendments exemption exemption The tax deduction was paid for the purchase of its units and the taxing officer said that as a commission, and that the income was ordinary Excluded from tax circle The Commissioner (Appeals) confirmed that the Bank has endorsed such tax treatment. The bank made the purchase for self-investment, and the provisions of section 233 of the Income Tax Ordinance 2001 did not apply to the principal and agent. In the present case, such behavior did not come under the purview of Section 122 (5) of the Income Tax Ordinance 2001, which resulted in a loss of revenue. It was easy for the Tribunal to make the transaction that the bank purchased the unit / shares and the NI T allowed a waiver on it. Permitting a purchase appeal, it was directed by the tribunal that it was stated that income tax could be taxed under the general tax regime. \ R \ n \ r \ n

Related judgments — Inland, 2013

• 2013 PTD 1396 2013 PTD 1396
• SUPER IDEAL SWEETS AND BAKERS, FAISALABAD v. C.I.R. (APPEALS), FAISALABAD 2013 PTD 1402
• SHAHZAD ENTERPRISES, RAWALPINDI v. C.I.R., R.T.O., RAWALPINDI 2013 PTD 1413
• 2013 PTD 1418 2013 PTD 1418
• BROTHERS ENTERPRISES, KARACHI v. ADDITIONAL COMMISSIONER, RANGE-B, ZONE-II, RTO-II, KARACHI 2013 PTD 1557
• TRG PAKISTAN LIMITED, KARACHI v. C.I.R., R.T.O., KARACHI 2013 PTD 1600
• 2013 PTD 1656 2013 PTD 1656
• C.I.R., R.T.O., ISLAMABAD v. INTERACTIVE COMMUNICATION (PVT.) LTD., ISLAMABAD 2013 PTD 1684

All Inland judgments of 2013 →

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