C.I.T. (LEGAL DIVISION) L.T.U., ISLAMABAD versus FAUJI FERTILIZER COMPANY LIMITED
Section 2 (i) and 4 Income Tax Ordinance (XLIX of 2001), Section 221 (2) of Circular No. 13 of 2008 23 10 2008 Total Income Workers Demand Income Tax Welfare Fund Raised Income Tax Ordinance The first appellate authority in 2001 held that, on the basis of net profit from the return of income exceeding the order passed under section 221 of the K, the total income was receivable under the Workers' Welfare Fund Income Tax Ordinance. , 2001 instead of accounting profits (before taxation); the tax officer's order was against the provisions of Section 4 of the Workers' Welfare Fund Ordinance, 1971 which would prevail over the definition of total income; At the time of editing, no such edit was made. Section 4 (i) of the Workers' Welfare Fund Ordinance, 1971, which provided that the Industrial Establishment shall pay this fund equal to two percent of its total revenue as the Ordinance / Subsection (4) of Section 4 Is worth noting. Currently, the taxation officer will determine the amount owed by the Industrial Establishment, by writing order, at the time of assessment or as soon as possible under the Ordinance provided by the Workers' Welfare Fund Ordinance, 1971 1971 provided. Subsection (1), if any, on the basis of the projected income of such a portion of the gross income that can be assessed under the ordinance issue draws the issue in favor of paying tax. These words were removed by the Act, 2008, and they could not work with disappointment. The Federal Board of Revenue recognized millions in the Workers' Welfare Fund Ordinance, Section 4 of the 1971 Amendment by the Finance Act 2006, tax. R. Passed by Officer
