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RAJAB ALI HAMANI, KARACHI versus COMMISSIONER INCOME TAX. KARACHI


Section 34 Evaluates the profit received on such sales by a profitable building that estimates the construction of a building as an investment to earn revenue from its rent. Was evaluated as an adventure in the nature of. In one particular way, one year cannot be estimated in another year. Similar income could not be subjected to an assessment in two different years, without the cancellation or correction of the previous assessment after excluding such income from its stimulus.

Related judgments — Karachi High Court Sindh, 2011

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