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MUHAMMAD HANIF MONNOO versus COMMISSIONER OF INCOME-TAX, CENTRAL ZONE, LAHORE

Section (83 ()) [Prior to Amendment] The transfer of shares was not supported by the record of the donor's intention to give the gift without the right to receive profit through the oral gift of the share certificate Can not defeat either way. Neither the provisions of the law nor the donor can be the agent of the process for obtaining profits on their behalf. The shares in the shares are not owned by the donor. It remains the property of the donor revenue. It was unreasonable to refuse to allow the recipient of the share and the income of any acquisition to accept tax events on the basis of certain arrangements, which were never accepted, such as individual, natural or legal, income. When making a dividend, when an Assisi receives a dividend, the completion of a distribution transaction and consequently the transfer of the shares or, as the case may be, Was spent, she had no thought of tax law requirements of FIA. t, in the circumstances, was not constituted as fact and even if it were, in the absence of any action to advance the fulfillment of the gift, this review could not be accepted that it had Separated itself from ownership. In the absence of the creation of an intervention document that was made by the applicant for the transfer of acquisition, either by the donor or by the full rule solicitors from Sarai Alamgir lawyer