I.T.AS. NOS. 5727/LB TO 5729/LB OF 1985-86, DECIDED ON28TH NOVEMBER, 1987. versus I.T.AS. NOS. 5727/LB TO 5729/LB OF 1985-86, DECIDED ON28TH NOVEMBER, 1987.
Fourth Schedule, Sections 16, 17, 19, 22 and 30 Insurance Act (I38 of 1938), Section 11 Insurance Company Income is required to be taxed as an act on the income of the insurance company, whatever source it receives. \ Profit and gains \ The insurance business represents the profits and benefits of any insurance business, the balance of profits shown by the annual accounts required under the Insurance Act 1938 will be presented to the insurance controller and the income tax ordinance. Expenses are not allowed under the provisions, 1979
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