ITAS. NOS.1165/LB TO 1167/LB OF 1984?85, 129/LB, I/DB, 130/LBI/DB versus ITAS. NOS.1165/LB TO 1167/LB OF 1984?85, 129/LB, I/DB, 130/LBI/DB
Section 23 Deduction of Accepted Expenses A national bank has given certain specific liabilities to the Pakistan Banking Council in connection with the FIRZ Hassan scheme, claiming that such contribution as expenditure cannot be determined. Assisi was given for business purposes. , Simply because the ACCC had a duty to provide some funds to the Pakistan Banking Council and the money was unlikely to be recovered and any recovery was to be applied for further progress in the Pakistan Banking Council, so the expenditure was payable. Will not be accepted.
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