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Tax credit for replacement, balancing and modernisation of machinery or plant

(1) Where an assessee being a Pakistani company invests any amount in the purchase of plant and machinery for installation at any time between the first day of July, 1976 and the thirtieth day of June, [1988] [or between the first day of July, 1990 and the thirtieth day of June, {1991},] in an industrial undertaking set up in Pakistan and owned ...


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