| Citation(s) |
|---|
| 1987 SLG 230 1987 SLD 230 1987 SCMR 139 |
Supreme Court of Pakistan
Civil Petitions Nos. 31-K to 33-K of 1985, decision dated: 11-02-1986.(On appeal from the judgment and order of the High Court of Sind at Karachi dated 23-10-1984 passed in Income-tax References Nos. 114/115 of 1973 and 216 of 1974)
ABDUL KADIR SHAIKH AND S.A. NUSRAT, JJ
Nasim Ahmed Khan, Advocate Supreme Court instructed by M. Shabbir Ghaury, Advocate-on-Record for Petitioners (in all Petitions). Shaikh Haider, Advocate Supreme Court instructed by Muzaffar Hassan Advocate-on-Record for
Respondent
Civil Petitions Nos. 31-K to 33-K of 1985, decision dated: 11-02-1986.(On appeal from the judgment and order of the High Court of Sind at Karachi dated 23-10-1984 passed in Income-tax References Nos. 114/115 of 1973 and 216 of 1974)
ABDUL KADIR SHAIKH AND S.A. NUSRAT, JJ
Nasim Ahmed Khan, Advocate Supreme Court instructed by M. Shabbir Ghaury, Advocate-on-Record for Petitioners (in all Petitions). Shaikh Haider, Advocate Supreme Court instructed by Muzaffar Hassan Advocate-on-Record for
Respondent
PAKISTAN PROGRESSIVE CEMENT INDUSTRIES LTD.(Now National Cement Industries Ltd.)
VS
THE COMMISSIONER OF Income Tax CENTRAL ZONE, KARACHI
Law:
Section:
Constitution of Pakistan (1973)----Art. 185(3)--Income-tax Act (XI of 1922), S. 10(2)(xvi)--Leave to appeal granted to examine whether on facts and circumstances of case, amount of interest paid by petitioner to seller on purchase price could be deemed to have been incurred wholly and exclusively for purpose of business under S. 10(2)(xvi) and could be allowed as such. ORDER S. A. NUSRAT, J.--Leave to appeal is granted, inter alia, to examine the…
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