I. T. AS. NOS. 1818/KB TO 1821/ KB OF 1983-84, 1754/ KB TO 1756/KB AND 4242/KB OF 1986-87 versus I. T. AS. NOS. 1818/KB TO 1821/ KB OF 1983-84, 1754/ KB TO 1756/KB AND 4242/KB OF 1986-87
Section 23 (1) (vii) Commercial Expeditionary Assisi Company was affiliated with an authorized capital of Rs. 5,00,000,000 and had to borrow the Essential for the purpose for which to establish an industry A capital of Rs 35,000 was paid for the purpose. Assisi not only did this project on a yearly basis but also kept the balance in the banks as a fixed deposit and earned interest from it, however, in the amount of interest earned from the interest payments paid in each assessment year. Deducted and then capitalized this balance. The corresponding assessment year could not have worked in the relevant field, the interest income of the person earned under the facts and circumstances of the case was business income, and, as such, against the interest payable before paying the balance. Can be stopped. Invested because it was expendable under section 23 (1) (vii) of the Ordinance.
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