1987 PLP 139 (SCMR)
(Now National Cement Industries Ltd.)‑‑Petitioner Versus THE COMMISSIONER OF INCOME‑TAX CENTRAL ZONE, KARACHI Respondent
| Citation | 1987 PLP 139 (SCMR) |
| Forum / Court | High Court |
| Bench Members | Abdul Kadir Shaikh and S.A. Nusrat, JJ |
| Parties | (Now National Cement Industries Ltd.)‑‑Petitioner Versus THE COMMISSIONER OF INCOME‑TAX CENTRAL ZONE, KARACHI Respondent |
| Primary Law | Constitution of Pakistan (1973)‑ |
Q1: What are the key laws and sections cited in 1987 PLP 139 (SCMR)?
This judgment primarily cites: Constitution of Pakistan (1973)‑ as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 1987 PLP 139 (SCMR)?
The case was heard and decided by the High Court bench comprising: Abdul Kadir Shaikh and S.A. Nusrat, JJ.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 1987 PLP 139 (SCMR) ((Now National Cement Industries Ltd.)‑‑Petitioner Versus THE COMMISSIONER OF INCOME‑TAX CENTRAL ZONE, KARACHI Respondent). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Representation
- 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.
- Date of hearing: 11th February, 1986.
Headnotes / Summary
(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). ‑‑‑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.
Judgment & Decree
(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). ‑‑‑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. 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. Date of hearing: 11th February, 1986. S. A. NUSRAT, J.‑‑Leave to appeal is granted, inter alia, to examine the contention whether on the facts and circumstances of the case the amount of interest paid by the petitioners on the purchase price to Dalimia Cement Factory Limited could be deemed to have been incurred wholly and exclusively for the purpose of business under section 10(2)(xvi) of the Income‑tax Act, 1922 and could be allowed as such. Security Rs.5,000 in each case. M.B.A. Leave granted.