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GENERAL BANK OF NETHERLAND LIMITED versus COMMISSIONER OF INCOME-TAX, CENTRAL KARACHI

Sections 13 (1) (3) and (4) of the Banking Companies Rules, 1963, RR 5, 6, 7, 8 and 9 Income Tax Act (XI of 1922), Section 42 constitution of Pakistan (1973), Article 185 ( 3) An appeal was allowed to examine the questions of law which were of great importance to the public that the High Court obtained income from the provisions of the Ordinance of the Banking Companies, 1962, and the rules of the banking companies. There was an error determining the location. 1963; that the High Court had further erred in ignoring the legal position that the provisions of the Ordinance of the Banking Companies, 1962 and the rules of the Banking Companies, 1963 govern and control the banking business in Pakistan and the banks, consumers, collectors Protecting the interests of operators. And there was no conformity with the bank's lenders and their commitment to the place where the revenue was collected or deposited. The High Court also erred in ignoring the fact that the interest income from the securities was earned by the owners of the securities. property advocates from Kohat lawyer