Section 21 deductions did not allow the financing to claim that the claim was higher than the fixed markup rate of over 10%, the justification was paid directly to the bank at various rates, it was acknowledged , Assissee broke the financial costs with the rate. The interest and its support was supported by the bank, which after examining it, the tax appellant's first appellate authority neither appreciated nor tested it properly, with no particular finding, right from the tax officer. As it was disputed that this claim was neither unverifiable nor was it known that the borrowed business was used for non-business purposes during this period the loan was increased by the first appellate authority. It was alleged that the bankruptcy filing was supported and confirmed by the bank statement and the First Appellate Authority filed financial charges. This absence was correctly eliminated. The file filed by the Appellate Tribunal and the Appellate Division verifying its order was deleted.
Related judgments — Income Tax Appellate Tribunal Pakistan, 2010
