Case Laws / Head Notes / Paras
---Tax on income of certain contractors and importers---Value of imported goods for the purposes of levy of income tax---Provisions of S.80C (2) (a) (ii) of the Income Tax Ordinance, 1979 provided that amount as computed for the purposes of collection of tax under S.50(5) of the Income Tax Ordinance, 1979 in respect of goods imported not being goods imported by an industrial undertaking as raw material for its own consumption---Such followed to be the amount qualifying to be a deemed income in terms of S.80C(1) of the Income Tax Ordinance, 1979 shall be the amount which had been computed by the Collector for the purposes of collection of tax under S.50(5) of the Income Tax Ordinance, 1979---In the earlier provision of S.50(5) of the Income Tax Ordinance, 1979, an amount was denoted to be a...
Case Law Access
You are viewing a limited preview. Log in to read the complete case details and download copies.
