Ultimate Law Resources : Database for Lawyers
Subject to sections 56 and 57, where a company registered in Pakistan or Azad Jammu and Kashmir (AJ&K), operating hotels in Pakistan or AJ&K, sustains a loss in Pakistan or AJ&K for any tax year under the head income from business shall be entitled to have the amount of the loss set off against the companys income in Pakistan or AJ&K, as the case...
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