COMMISSIONER OF INCOME TAX/WEALTH TAX, COMPANIES ZONE, PESHAWAR versus SHAHZAD GHEE MILLS (PVT.) LTD.
Sections 14 (2), 50 (5), 52A, 80DD and other schedules, clause (118c) of the Economic Reforms Act (XII of 1992), section 6 notification section R01283 (1) / 90, dated 30 12 1990 On the importation of edible oil, the deduction of tax deduction from source was considered to be the ultimate liability under Section 80DD of the Income Tax Ordinance 1979 and approved under Section 52A of the Income Tax Ordinance 1979 Reform. A small tax receipt was received through a separate order. The Assessing Officer rejected the file filed by the Assessment but the Commissioner Income Tax (Appeals) accepted the appeals and declared that the Assessment Income Tax Ordinance was exempt under the second Schedule (118C) of 1979, Income Tax Appeal. The Tribunal and the High Court upheld the decision passed. Waiver notification number section R 0 1283 (1) / 90 dated 30 12 1990 by Commissioner Income Tax (Appeals) was applied to exempt profits under the second Schedule (118C) of the Income Tax Ordinance 1979, dated 1 January 1990 and 13 6 The gains made from the appraisal obtained by the Industrial Promise between 1995, were included in both days for a period of 8 years in which the commencement month or commercial production was initiated, whichever was later transferred to Essays. Had to be Confirming that there was no evidence on record that the industry was set up at that time, the Income Tax Authorities, including the Commissioner Income Tax (Appeal) and Income Tax Appellate Tribunal, cited questions involved in the matter. Did not approve the order to speak to. The waiver claim was read under section 50 (5) with section 80DD of the Income Tax Ordinance 1979, if it is estimated that after the implementation of the Economic Reform Act 1992, whenever new taxation was imposed
