Sections 14, 15 and 36 of the Income Tax Ordinance (1979), 2 (12), 2 (16) (CC) (as inserted by the Finance Act (VII of 1992))] and the second Schedule CL ( 116) Modaraba Companies and Modaraba Rules, 1981, R 22 Capital Gain 30 6 1992 Taxability Scope acquired by the sale of Modaraba certificate Modaraba as a company and body corporate Income Tax Ordinance, 1979 clause (CC). The period I specify will be subject to the definition of employment. The Finance Act 1992 was inserted in section 2 (16) of the Ordinance 1979 to remove the confusion regarding Moderba's status unless such amendment would be beneficial for taxpayer Modarba. Until then, the beneficial effects of this law will have previous effects. Even before such an amendment was considered a company, Moderba had the honor of being a body corporate formed under the Mod Arba Companies and the Moderbus (Flotation and Control) Ordinance, 1980. l (116) The other schedule of the ordinance was exempt from the scope of tax rules.
Related judgments — Karachi High Court Sindh, 2011
