MESSRS CENTRAL INSURANCE COMPANY LTD. versus COMMISSIONER OF INCOME TAX, RANGEI, GOVERNMENT OF PAKISTAN, KARACHI
Fourth Schedule, CL6 and Section 26 and Circular No. 4 of the CBR 1988 calculate the profitability and profitability of the insurance business, an insurance on the investment made by him in the special withdrawal certificates. Is a company that was included in the annual accounts offered. Insurance control insurance was not exempt from tax under the Insurance Act, 1938, and the ordinance in the balance of profits, as defined in section 26, the profit and profit of the insurance business was calculated, read with R6. According to the Schedule IV of the Ordinance, it became a unit of income not eligible for distribution for the purpose of collecting taxes on various taxes, which is listed in section 15 of the Ordinance.
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