COMMISSIONER INLAND REVENUE, LTU, LAHORE versus MILLAT TRACTORS LTD., LAHORE
Section 34 (3) of the Companies Ordinance (XLVII of 1984), Section 234 International Accounting Standard 37 and 19 Accrual Base Accounting Taxes excluding surcharges due to non-payment of compensation claim claimed by the Income Tax Ordinance 1979 Section Subsection (3) of 34 indicates that taxpayers state that taxpayers, being a registered company, have to comply with international accounting standards under the direction of the Companies Ordinance. Notified under section 234 of the 1984 Companies Ordinance, 1984. And the International Accounting Standard 19 specifically deals with the absence of compensation that the taxpayer company legally complied with, based on Actuarial Valuation, which was created based on the actuarial valuation. Was given and after meeting the prescribed conditions. In section 34 of the Income Tax Ordinance, 2001, it was already claimed that it would be relieved at a future date, there would be a reasonable deduction on the event that had already occurred, in which the employee had to pay the company his own Services rendered and their amounts were met in accordance with the accuracy of the Accuracy Valuation Report in accordance with the prescribed obligation, the prerequisites for section 34 (3) of the Income Tax Ordinance 2001, due to the absence of compensation Had to According to the terms of the contract the employees were charged with the duties provided by the Integrees provided in the interna National Accounting Standards 19 The expenditure was of legal nature and the actual salary paid by the employer for the services received by the employees. Although the expenses were paid
