--- Second Sched., cl.(129)--- C.B.R. Circular No.20 of 1998 , dated 8-10-1998 --- Exemption --- words “subject to such conditions as may be specified therein” and where it is so specified” in cl (129), Second Sched. Of Income Tax Ordinance, 1979, and C.B.R. Circular No.20 of 1985 --- Effect – words “subject to such conditions as may be specified therein” and “where it is so specified” in the Second Sched. and the Circular makes it clear that the exemption available in the Sched. Is Subject to the condition specified therein and if there is no condition specified obviously the exemption allowed is without any strings.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Appellate Tribunal Inland Revenue | 2002 | Salman Pasha and-Nadeem Dawoodi Vs Bakhat Zaman, D.R. |
Income Tax Ordinance (XXXI OF 1979) 156, 14(1) & Second Sched. (129) |
Exemption / Subject to conditions |