Find a Lawyer

ITA. NO.1651/KB OF 1984-85, DECIDED ON 29TH JANUARY, 1989. versus ITA. NO.1651/KB OF 1984-85, DECIDED ON 29TH JANUARY, 1989.

Section 107 and 48 Income Tax Rules, 1982, R48 exempt from the tax payable by it, substituting, balancing and renewing tax credits for the replacement of tax credits from newly established industrial under-taxes. The tax credits valid under 107 have not been tagged with anything special. The payment of tax is allowed against the tax, but the tax paid by the industrial payment is used in the opening words of sub-section (1) of section 107 and the industrial payable by it. Does not refer to the term tax and thus not to the industrial under-tax credit, irrespective of whether income from such industrial action is subject to tax incidence or income tax rolls 1982 Rule 48 has to be read, together with section 1077 of the Ordinance Purpose of the R-48 Under-Tax Rules 1982, Is utilized to indicate to grant tax cre list of advocates from Chak 46 lawyer