1989 PLP 683 (PTD)
COMMISSIONER OF INCOME-TAX CENTRAL ZONE (A), KARACHI Versus Messrs NORWITCH UNION INSURANCE SOCIETY LTD
| Citation | 1989 PLP 683 (PTD) |
| Forum / Court | Karachi High Court |
| Bench Members | Saleem Akhtar and Imam Ali Kazi JJ |
| Parties | COMMISSIONER OF INCOME-TAX CENTRAL ZONE (A), KARACHI Versus Messrs NORWITCH UNION INSURANCE SOCIETY LTD |
Q1: What are the key laws and sections cited in 1989 PLP 683 (PTD)?
This judgment primarily cites: statutory provisions as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 1989 PLP 683 (PTD)?
The case was heard and decided by the Karachi High Court bench comprising: Saleem Akhtar and Imam Ali Kazi JJ.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 1989 PLP 683 (PTD) (COMMISSIONER OF INCOME-TAX CENTRAL ZONE (A), KARACHI Versus Messrs NORWITCH UNION INSURANCE SOCIETY LTD). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Representation
- Nasim Ahmed Khan for Respondent.
Judgment & Decree
SALEEM AKHTAR, J.--The applicant is an insurance company and carries a general insurance business. In respect of assessment year 1974-75 the applicant incurred management expenses beyond the limits prescribed under the Insurance Rules. Accordingly the Income Tax Officer disallowed a sum of Rs.2,85,520 which was added hack to income. In appeal the Appellate Assistant Commissioner deleted this add back. The Department then filed an appeal before the Tribunal which was dismissed. An application for reference filed by the department was also dismissed as the question proposed by the applicant had conclusively been decided by the High Court. The applicant then filed application 'under Section 66 (2) of the Income Tax Act raising the following question:- "Whether on the facts and in the circumstances of the ease the learned Income Tax Appellate Tribunal was justified in holding the sum of Rs.2,85,580 claimed as management expenses being in excess and in contravention of the maximum prescribed in this behalf under Rule 40 of the Insurance Rules were admissible." ' The same question came up for consideration in Alpha Insurance Co.'s case P L D 1981 S.C. 293, As the Supreme Court has conclusively decided this question no useful purpose will be served to reagitate the same issue by this application. The application is dismissed. M.B.A./C-93/K Application dismissed.