Commissioner of Income Tax v. M/s Grays Leasing Ltd.

Lahore High Court

CONCLUSION: that the lease rental inc ome was assessable u/s 12(19) of the repealed Income Tax Ordinance,1979 on actual receipt basis and not on the accrual basis. Issues: Whether Income Tax Appellate Tribunal was justified to hold that the lease rental income was assessable u/s 12(19) of

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