Income Tax Manual, Part I, Income Tax Ordinance, 2001, Amended upto 30th June, 2021,
PART IV
EXEMPTION FROM SPECIFIC PROVISIONS
Income, or classes of income, or persons or classes of persons, enumerated below, shall be exempt from the operation of such provisions of this Ordinance, subject to such conditions and to the extent, as are specified hereunder:-
(46AA) The provisions of section 153 shall not apply to the following persons as recipients of payment, namely:—
..
(vii) hotels and restaurants receiving payments in cash for providing accommodation or food or both, as the case may be;
Sources:
Income Tax Manual, Part I, Income Tax Ordinance, 2001, Amended upto 30th June, 2021, Clause Vii of Section 46AA, Part IV,