COMMISSIONER OF INCOME TAX, RAWALPINDI versus PAK. MINERAL INDUSTRIES LTD., RAWALPINDI
Income Tax Act 1922 Section 10 (2) (xvi) In addition to business expenses, the appraiser, who is a managing agent of an industrial concern who receives compensation after receiving it for which he was entitled, under mutual agreement. Disposal or income afterwards was not admissible in law and was liable to be re-added for the purpose of review as the income was assessed before the restoration of the pre-paid compensation. Tax was to be levied in the hands of the ACCC concerned. The Commission then collected it
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