COMMISSIONER OF INCOME TAX/WEALTH TAX COMPANIES ZONE-II, LAHORE versus LAHORE CANTT. COOPERATIVE HOUSING SOCIETY, LAHORE
Section 2 (16) (b) and 80B Cooperative Society Act (VII of 1925), Section 23 Corporate Body is found to be created by or under any law. The profits from the jurisdiction / bank deposit were raised by the Cooperative Societies that they There were no companies. In terms of section 2 (16) (b) of the Income Tax Ordinance, 1979, therefore, interest / profit was obtained from the bank's reserves under Section 80B of the Income Tax Ordinance, 1979. ) The Income Tax Ordinance, 1979, which was brought into existence by law at that time, was the only society that was created, directly created, and created by the statue itself, which was created by private individuals. And were not subsequently registered under any law. An entity formed under this law, rather it was a body, otherwise it was created but registered under the law, so under the law, the composition, composition and composition of a body was just different from that of a body which Responsible societies registered under only one law were not created by any law, but whatever their way of forming, they were required to be registered with the Registrar of Co-operative Societies under the Cooperative Society Act, 1925. The Society was not, under the definition of the Company, in section 2 (16) (b) of the Income Tax Ordinance, 1979, and of the Income Tax Authorities. The subway can not be taxes, therefore, the Supreme Court dismissed the appeal upheld the decision passed by the High Court
