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I.T.A. NO. 3080/KB OF 1987-88, DECIDED ON 8TH NOVEMBER, 1995. versus I.T.A. NO. 3080/KB OF 1987-88, DECIDED ON 8TH NOVEMBER, 1995.

Income Tax Ordinance 1979 Section 2 (ii) Determination of business adventure in the nature of trade The purchase of land by the company, even if the company has a legitimate purpose to trade in the land, may have some share in the land. Capital activity and similar activity outside the clause of the business may also be contracted during the regular business. Memorandum and Articles Association of Company Supplies cannot be considered final or in favor of the Company. Where is the purpose of making money. The resulting sales were grossly overblown, with Assisi claiming large sums. The benefit, first of all, was the adventure in the nature of the trade and the profit made by the company on sale was not exempt. law firms from Bhimbar lawyer