Treatment of Tax Credit for Computation of Depreciation Allowance

Mr. Justice Mian Saqib Nisar in his judgment has decided the issue regarding treatment of tax credit for computation of depreciation allowance in Civil Appeal No. 1590 of 2006 etc. 1. The question before this Court is whether tax credit(s) available under Section 107 of the erstwhile Income Tax Ordinance, 1979 (the Ordinance) were to Read more about Treatment of Tax Credit for Computation of Depreciation Allowance[…]