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versus STATE


Sections 18, 22 and 131, Second Schedule, Part I, CL (132), Part IV, Total (11A) (v) Income made by the Appellate Tribunal from the Department of Exemption from the Department of Business Disposal. Charged at the expense allowance. Against interest income; profit tax on the sale of fixed assets. Taxation of exchange tax levied on tax scrap sales; and the least taxable order has shown that the first appellate authority, although the Scheduled Seconds (132), of the Income Tax Ordinance 2001 section (132). Agreed with the Additional Commissioner on the non-availability of exemptions, but directed the taxpayers that the documentary evidence should be presented regarding interest expense in connection with earning interest income and allowance to that extent. Should be given. In the case of the taxpayers had already been decided by the appellate tribunal, the decision of the tribunal was to be followed. Appeals filed by the Department on this matter, the Department's unsuccessful request was that the First Appellate Authority did not have the validity that the immunity obtained on the sale of fixed assets was subject to the First Appellate Authority's observation that the provisions. Under Section 22 of the Income Tax Ordinance, 2001, the benefit accrued from the sale of fixed assets was retained as income from the business, and exclusively payable for tax, exempt, fully applicable. In this case, articles were obtained in the scope of section 18 of the Income Tax Ordinance, 2001. No waiver was allowed in dealing with the revenue generated. First Appellate Authority

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