Meaning and interpretation

Term 'very soon', ordinarily meant very shortly, in matters of hours or days; it could not be stretched to a few months and certainly not years

"Very soon", in ordinary parlance, meant with utmost dispatch, as soon or as early as possible and as the circumstances would permit and would be convenient and to do what the agreement to sell required the parties to do

Such period could not be stretched to mean an indefinite period or beyond the period of three years from the date if so fixed for the specific performance of the agreement to sell

Period of over eight years, as in the present case, in paying the balance sale consideration could not be termed to be paid to the vendor "very soon"

Appeal was dismissed in circumstances.

Term 'very soon', ordinarily meant very shortly, in matters of hours or days; it could not be starched to a few months and certainly not years

"Very soon", in ordinary parlance, meant with utmost dispatch, as soon or as early as possibleand as the circumstances would permit and would be convenient and to do what the agreement to sell required the parties to do

Such period could not be stretched to mean an indefinite period or beyond the period of three years from the date if so fixed for the specific performance of the agreement to sell

Period of over eight years, as in the present case, in paying the balance sale consideration could not be termed to be paid to the vendor "very soon"

Appeal was dismissed in circumstances.

Said phrases were to be necessarily read in conjunction with the explanation to S. 80D(2) of the Income Tax Ordinance of 1979 for the purposes of determination of minimum tax liability-Word 'turnover' specifically defined in S. 80D of the Income Tax Ordinance 1979 could not be interpreted in a way so as to widen or enlarge the scope of the said section by interpreting `turnover' to include income from 'all sources'.