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DAWOOD CAPITAL MANAGEMENT LIMITED, KARACHI versus ADDITIONAL COMMISSIONER INLAND REVENUE-D, LTU, KARACHI


Section 21 deductions are not allowed Financial taxes are not allowed The taxpayer asserts that the absence of financial charges is equivalent to double taxation and such decision was not granted by the first person appellate authority. It was confirmed on the basis that the payment was not made. In order to approve the legal clearance and order of the lease, the approval and further approval of the lease rent payments were sent to the First Appellate Authority as the first appellate authority was approached by the ground taxpayers regarding the financial charges. The verdict was not given. It faces twice the taxation charges for the allegations, keeping in view the opinion of the first appellate authority taxpayer, as well as the moderba approved by the taxpayer / reviewer. It should also take into account the relevant provisions of the law relating to expenditures.

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