Commissioner Inland Revenue v. M/s Monnoowal Textile Mills Ltd.

Lahore High Court

ISSUE: Whether apportionment of expenditures /deductions claimed by the taxpayer, in the instant case, is required to be carried out under section 67 and Rule 13 of the Rules or Rule 231 of the Income Tax Rules, 2002? Analysis: Reliance of the Appellate Tribunal on Rule 231 is misconceived. It i

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