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I LT. AS. NOS.27/KB TO 31/KB OF 1995-96, 1352/KB, 1353/KB, 1512/KB,1513/K13 OF 1994-95, 2439/KB versus I LT. AS. NOS.27/KB TO 31/KB OF 1995-96, 1352/KB, 1353/KB, 1512/KB,1513/K13 OF 1994-95, 2439/KB

Income Tax Ordinance 1979 Section 27 (1) and 17 Public Debt Act (XVIII of 1944), Section 28 Bearer National Fund Bonds Rules, 1985, R2 ASRO 807 (1) / 91 dated 21 8 1991 Section RO 986 (1) / Bearer National Fund Bonds Assessment, arising on the amount of the difference between the value and the return value received under Section 17 of Interest 17 on the 95 Bearer National Fund Bonds Bonds Capital Gaunt Security in the years 1992 93 and 1994 Proceeds from the Bearer National Fund Bonds. Interest on the Sale of Capital Assets (Securities) in the Income Tax Ordinance, 1979 (BNFB) Validation Review Any interest on Bearer National Fund bonds, under any provision of the law for the years 1992 1992 and 1993 94, Profits and gains were not received as the SCC only had the right to claim the same value on the maturity date and not on any earlier date and secondly, whatever amount was received on the redemption / maturity date. Is neither interest on securities levied under section 17 of the Income. E-Tax Ordinance, 1979 Nor was the capital asset in the meaning of section 2 (12) of section 2 of the Income Tax Ordinance 1979, profitable and unlawful under section 22 of the Income Tax Ordinance 1979. The return of BNFBS, due to the rollover of the par value of the bonds, was not justified in holding the first appellate authority at the rate fixed under the Compensation Act to impose tax under section 27 of the Income Tax Ordinance 1979. Did not occur on the maturity date, redemption on the BNFBS discounted price occurred on the maturity date, and a revival of the book on the terms of such cost recovery in the SNFPs, Exchange under section 27 (1) immigration advocates from Kotla lawyer