FAUJI FERTILIZER COMPANY LTD. versus C.I.R. (LEGAL DIVISION) L.T.O., ISLAMABAD
Sections 5, 4, 8, 39, 80, 94 (3), 150, 2 (19) (F), 2 (42), 2 (63), 122 (5A) and Schedule I, Part I, Division II And III CBR Circular No. 2009 2009 2009 2009atedated dated 7 7 2009 2009, CBR Circular No. 2008 2008 of 2008 2008 2008 2008 ated d 7 2008 2008 2008 2008 dividend tax rate on dividends asserted by the assessee. Profit income received by the front resident companies was read under section 5 with section 44 (2). Income Tax Ordinance 2001, while under section 39 of Income Tax Ordinance 2001, was taxed on receiving tax. According to the total (42) of section 2 of the Income Tax Ordinance 2001, read with Section 80 of the Income Tax Ordinance 2001, under section 5 of the Income Tax Ordinance 2001, the dividend received from the company was subject to tax. @ 10% and the term `company dividend 'refers to non-resident company as well as non-resident company, in the case of incons, volatility between section 5 and section 94 (3) of the Income Tax Ordinance, 2001 Due to the charging section, the profit from the company / reviewer from the resident companies will be subject to income tax. Appellate Tribunal whereby the demand for dividend income has been raised by the Additional Commissioner deleted r \ n \ r \ n
