I.T.AS. NOS. 3529/KB OF 1086-87, 798/KB OF 1987-88, 2121/KB OF 1987-88 AND 65/KB versus I.T.AS. NOS. 3529/KB OF 1086-87, 798/KB OF 1987-88, 2121/KB OF 1987-88 AND 65/KB
The Second Schedule, CL 119 and Section 22CC, a wholly-owned government company wholly owned by the Government of Pakistan, announced the loss and fixed an amount that would be charged by the interest company as interest. As a result of this interest, the interest will be paid, and the result is the total loss amount which is reflected by the Income Tax Officer on the calculation of Nil Revenue. This assessment was declared exempt under C1 119 of the Second Schedule, it calculated the income of the assessee under section 22 of the Ordinance Assessment, thus correctly determining it. The interest earned against the interest payable that is reflected in the total return loss
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