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MESSRS HORMONE LABORATORIES LTD. versus THE COMMISSIONER OF INCOME-TAX, CENTRAL ZONE, KARACHI


Section 10 (2) Acceptable Expense Requirements In order to make expenditures acceptable, it is not necessary to exclude any legal or contractual liability in connection with the business if the expenditure on the business is improved. These costs are incurred by any bidder for. To take advantage of the entire business of the business through an evaluation, although in this case it does not immediately bring any benefit or profit to the business, but it does not comply with Section 10 (2). Would be a relatively acceptable expense. ) However, the Act, at the same time, the diagnostic authority is entitled to examine this question, whether or not a particular expense is allowed as a business expense on the facts of a particular case.

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