COMMISSIONER OF INCOME TAX versus PAK ARAB FERTILIZER (PVT.) LTD. MULTAN
Reopening Sections 65, 62, 80 C and 80 D Case Definition Additional Assessment Additional Assessment was compiled and the claim of seller and buyer relationship between the two companies (one manufacturing and another marketing company) was rejected. Was. It was for these reasons that the case of the Assisi (Manufacturing Company) was reopened that the Ministry of Production made a representation to the Central Board of Revenue for exempting the turnover tax from the marketing company under Section 80D, Income Tax Ordinance, 1979. Was Under section 80D of the Income Tax Ordinance 1979, the marketing company obtained exemption from taxing on the basis that it was not selling any product on profit and that the marketing company was not doing any loss in profit and Being sold because of Of the affiliated companies engaged in manufacturing. The Central Board of Revenue has exempted the marketing company from receiving the minimum tax on the part of the department under section 80D and considers it as certain information to seek section 65 of the ordinance. That the relationship between the manufacturing company and the marketing company was not the seller and the buyer but a principal and agent and thus a show cause notice was issued under section 62 of the ordinance and accordingly the assessment order was approved under section 62/65. In 1979, the Income Tax Ordinance was set aside in the appeal and the Appeal Tribunal had also met the Appeal. The provisions of Section 80C of the Income Tax Ordinance 1979 were attracted to the provisions of Section 80C of the Income Tax Ordinance 1979 to fulfill the additional assessment under Section 62/65. CYNDI WANG LOVES YOU DOWNLOAD
Related judgments — Lahore High Court Lahore, 2009
