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MESSRS ALNOOR SUGAR MILLS LTD., KARACHI versus MESSRS ALNOOR SUGAR MILLS LTD., KARACHI


Income Tax Act 1922 Sections 4 (3) (vii) and 17 (5) Securities and Exchange Ordinance (XVII of 1969), Section 14, pursuant to Section 14 of the Securities and Exchange Ordinance, obtained from the sale of shares of the Assisi Received from the bank, under section 4 (3) (vii) of the Income Tax, two conditions had to be fixed for the exemption claim. The Act, 1922, was not used by the business of invoicing, or by any profession, profession or profession, and secondly, the unpredictable and recurring nature of the law contained in section 14 of the Receipt Securities and Exchange Ordinance, 1969. Was In due course, the receipt in question cannot be said in any design or completely unexpected, such receipt was not unusual and the exception claim was not available to this beneficiary.

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