COMMISSIONER OF INCOME-TAX, CENTRAL ZONE versus MESSRS KARACHI RACE CLUB LTD.
Section 10 (2) (xvi) Acceptable Expense Reviewer, Race Race Cub, which was established with the purpose of advancing the business of horse racing and horse breeding, etc., directed the Jackie Club of Pakistan. According to the same club paid some money. The purpose of this is to promote horse racing and horse breeding business in Pakistan, in which money was put and the money was spent on it and especially for the purpose of horse racing. This was an allowable expense under section 10 (2) (xvi).
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