COMMISSIONER OF INCOME TAX, COMPANIES ZONE-I, LAHORE versus CRESCENT INVESTMENT BANK
Section 62 and 66A Ordinance of Banking Companies (LVII of 1962), Sections 2 (10) and 5 (b) Dividend Income Composite Banking Income Income Tax Appellate Tribunal directed that the dividend of Assisi be taxed at a lower rate. , While it formed a part. Comprehensive banking income and separate tax rates were set aside for income from the banking business. The property was included in the banking companies as stated in the Ordinance of the Banking Companies, the profits / profits obtained from the 1962 asbestos were nothing but revenue from the business which was the banking business. It should have been treated as ordinary business, not a separate block of income tax appellate tribunal income from other sources. It was not justified that income tax should be taxed at a lower rate because income tax appeal. The profitability of the dividend income is income. Under section 66A of the Income Tax Ordinance 1979, the Tribunal had the authority to consider an order approved under T, which is repeatedly subject to the law that the order under review was wrong or prejudicial to the interest of the tax. The appeal was dealt with accordingly.
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