Third Schedule, CBR Circular No. 22 of R5A 1957, dated 2 10 The first appellate authority for not permitting the first year allowance for the depreciation allowance increase in 1957 on the basis that the machinery maintained That was only acceptable on installation of. On the basis of the formation of industrial acquisitions on a certain date, nor on the increase of machinery, Assisi claimed that the yarn unit was involved in the conversion of yarn into cotton, which was an important costing process, and that cotton and part price. I was on the rise. The cotton was made in the unit, made from cotton and made from cloth to cloth, as a whole was entitled to the first year's allowance for the value edition process. The Valdetti First Appellate Authority did not talk about the price increase and simply rejected the first year's allowance on that basis. It was only allowable for the set up of industrial activities on the 1st of November after the historic date, 1997 and was not included or involved in the process of adding value to the renovation of the machinery unit Value-added usually all wages, interest Is a combination of rent and profit since the word `value added 'was not appreciated in the Income Tax Ordinance. In 1979, the appellate tribunal adopted the common vocabulary in the meaning and observed that the claim of first allowance on both cases was admissible. According to which it will be allowed \ r \ n
Related judgments — Income Tax Appellate Tribunal Pakistan, 2010
