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COMMISSIONER OF INCOME TAX versus MAULAX BUX CARPORATION LIMITED


Section 4 (2? B) ??? Constitution of Pakistan (1973), Article 185 (3) ??? Isisi, a private company engaged in the business of ginning and cotton pressing and oil extraction? In order to appeal, the argument was passed that the High Court had overlooked that the amount spent on procurement of grams over the declared stock amounted to Section 4 (2? B) during the relevant year. Should be considered as investment and this amount represents the hidden income of the previous years in the investment purchase and the question of reduction in the purchase price will not arise from the market.

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