Find a Lawyer

ITA\'S NOS.2673/KB OF 1986-87, 1827/HQ OF 1987-88, 291/HQ, 1701/HQ AND 1702/HQ OF 1988-89 versus ITA\'S NOS.2673/KB OF 1986-87, 1827/HQ OF 1987-88, 291/HQ, 1701/HQ AND 1702/HQ OF 1988-89

Section 23 (1) (vii) and (xviii) Interest on capital expenditure on capital assets is an allowable expenditure when the Assessment Order shows that commercial production has been initiated through such assets. That the Assisi itself indicated the nature of the investment as an investment. Work in progress * Where the diagnostic order failed to disclose the details of the assets to be invested by the SC, the tribunal set aside the assessment order and the assessing officer was instructed to investigate the matter. ? If the investment is in progress as the asset was part of an asset that is already in production, the interest on the investment should be given to the assessor and if the work in progress constitutes a separate production unit, Had not started production, then there would have been interest. Capital inheritance advocates near Ghotki lawyer