SUI NORTHERN GAS PIPELINES LTD., LAHORE versus COMMISSIONER INCOME TAX, L.T.U., LAHORE
Section 18 (1) (d) and 122 (5A) income from the business, in addition to the amendable amendment of the Income Tax, the Additional Commissioner receives the tax on the tax from which the federal government grants the tax. The provisions of section 18 are obtained by seeking. (1) (d) After the first appellate authority in the Income Tax Ordinance, 2001, upheld the Additional Commissioner's proceedings, the company filed an appeal with the appellate tribunal of the representative that the company was regularly granted by the federal government. In the same way, it received a contribution from consumers, which was used solely for transmission and distribution of lines, which were used to transmit natural gas to consumers. It was explained that in the case of the company, the accounting and tax treatment of both consumer contributions and government grants were exactly the same while in the financial statement they were recognized as deferred credits, in the tax calculation it was The amount was recorded as a reduction in the written value of deprecated assets, a company representative made clear that the treatment has been the same for decades since the matter was finally settled in favor of the company, when the appellate tribunal ruled in its ruling. The decision was rejected by the company correctly. There was no revenue receipt from the written value of the value of the assets and that amount was not received by the tribunal, where the money was used to distribute the cost of the service lines, ie the amount used in the creation of the assets, Was an investor. The asset, then, is due to the receipt, direct payment of capital expenditures or the nature of the payment,
