Income from other source- Supply of electricity---Interest income on delayed payment of electricity bills---Taxability---Interest income is not to be considered as part and parcel of the business income and its assessment under S.30 of the Income Tax Ordinance, 1979 was quite justified---Such amount of interest was distinct and separate insofar as the exemption was concerned and could not be considered income from power generation-Exemption refused by the Department was confirmed by the Tribunal.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Appellate Tribunal Inaland Revenue | 2002 | Kh. Muhammad Iqbal Vs Muhammad Asif, D.R. |
Income Tax Ordinance (XXXI OF 1979) 30, 31 & 23(1)(vii), Second Sched. |
Income from other source | Supply of electricity |