COMMISSIONER OF INCOME TAX (LEGAL) vs ASKARI BANK LIMITED, RAWALPINDI S — 2022 PTD 1109 SUPREME-COURT

Case information

Citation: 2022 PTD 1109 SUPREME-COURT
Court: Supreme Court of Pakistan
Year: 2022
Reporter: PTD
Parties: COMMISSIONER OF INCOME TAX (LEGAL) vs ASKARI BANK LIMITED, RAWALPINDI S
Subject matter: Criminal
Provisions referred to: S. 23---E

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

COMMISSIONER OF INCOME TAX (LEGAL) VS ASKARI BANK LIMITED, RAWALPINDI S. 23---Eligible depreciable asset---Initial allowance, deduction of---Scope---Taxpayer can claim deduction of initial allowance for an eligible depreciable asset (Such as a building) being put to use by the taxpayer for the first time in a tax year, irrespective of the fact that the said building had been in use in the past in the hands of other taxpayers.

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