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Ss.15, 15-A, 16, 67, 120 & 122(5A)---Income Tax Rules, 2002, R.13---Income from property---Allocation of expenses---Scope---Company deriving income from telecom and broadband services---Officer Inland Revenue allocated the taxpayer/company expenses relatable to rental income which order was deleted by the Commissioner (Appeal) accepting claim of the taxpayer that properties were rented out in previous years incurring some negligible / immaterial charges not warranting any need to allocate the expenditure to the income---Department assailed order passed by the Commissioner (Appeal) before the Appellate Tribunal Inland Revenue ('Tribunal')---Validity---According to the Commissioner, allocation of expenses to property income was against the provisions of section of the Income Tax Ordinanc...
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