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C.I.T./W.T. COMPANIES ZONE, PESHAWAR versus SARHAD DEVELOPMENT AUTHORITY, PESHAWAR


Sections 2 (16), 22 and 27 (2) (a) (ii) leased by the Assistant Development Authority Act (XI of 1973), Section 4 Lent Money and the Assessing Officer obtained from the leaseholders of industrial plots through the Suhd Development Authority. Treated the collection of money. Under section 22 of the Income Tax Ordinance, 1979, the activity and interest of the eligible taxable business was that industrial plots owned by the provincial government were not sold, but leased only by the ACC. Under section 27 (2) (a) (ii) of the Tax Ordinance, 1979, the settlement of industrial plots by property on lease will not be considered irrespective of the income received from the entire lease as the plots instead of the sale. Would have been acquired by the leasing business. Upon receipt of this, the entire premium will be charged ses as the lease amount may not be subject to tax in that year. Receipt, but spread over many years of the lease period and receive tax on the money associated with the principles of each assessment year. \ r \ n

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