ITA NO. 8095/KB AND M.A.NO. 8/KB OF 1992-93, DECIDED ON 26TH DECEMBER, 1992. versus ITA NO. 8095/KB AND M.A.NO. 8/KB OF 1992-93, DECIDED ON 26TH DECEMBER, 1992.
Second Schedule, CL 116 and Section 2 (16) (CC) [as inserted by the Finance Act (VII of 1992)] Companies Ordinance (XLVII of 1984), Section 2 (4) Modaraba Companies and Modaraba (Flotation And Control (Ordinance of XXXI (1980)), Sections 2 (1), 11, 12 and 37 of the Moderba Companies and Moderba Rules, 1991, R22 Modarba, Section 2 (16) of the Income Tax Ordinance 1979 ) Prior to filing, the Finance Act obtained the Company's status as a body corporate formed under the Moderba Ordinance, 1992, and the proceeds from the sale of the Moderba Certificate were transferred to the Second Schedule of the Ordinance. Exemption was obtained under YL 116.
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