1996 PTD 407 INCOME-TAX-APPELLATE-TRIBUNAL-PAKISTAN

1996  PTD  407     INCOME-TAX-APPELLATE-TRIBUNAL-PAKISTAN

I.T.AS. NOS.999/IB TO 1001/IB OF 1991-92 AND I.T.A. NOS. 804/IB AND 805/IB OF 1993-94,

Income Tax Ordinance 1979 —-Fifth Sched., Part 1, R.2(1) & S.24—Computation of profits and gains from exploration and production of Gas and petroleum—Application of S.24, Income Tax Ordinance, 1979 in computation of profits and gains for ,business of production. of Oil and natural Gas is not in any manner inconsistent with or repugnant to anything provided for in Rules to Fifth Sched., Part I, Income Tax Ordinance, 1979.