I.T.AS. NOS. 952/KB AND 953/KB OF 1983-84, HEARD ON 13TH OCTOBER, 1987. versus I.T.AS. NOS. 952/KB AND 953/KB OF 1983-84, HEARD ON 13TH OCTOBER, 1987.
Section 151 is exempt from the waiver of the words in section 151 does not mean exemption by ordinance or exemption by ordinance but it means immunity under any provision of law. The waiver of section 151 and Schedule II income capital gains does not differ with the provisions of income received under section 151 in dealing with the elimination of the second schedule gross income, as introduced in the Second Schedule despite the introduction of Sec. 151. Granted, the recipient is still exempt from the legislator, while bringing in section 151 would reduce the possibility of abuse of the exception. When the resulting receivables reached the recipients in whose hands it was taxable
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