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I.T.A. NO.986/KB OF 2002, DECIDED ON 3RD JUNE, 2003. versus I.T.A. NO.986/KB OF 2002, DECIDED ON 3RD JUNE, 2003.

Sections 12 (9), 66A & Second Schedule, Part I, CL (108) Companies Ordinance (XLVI of 1984), Sections 235, 241, 248 and 251 Finance Act (XXII of 1997), Preamble Finance Act (1995) I), the power to inspect the powers of the inspector of the Additional Commissioner to review the order of the demi-commissioner, estimated that an amount for the issuance of bonus shares during the year ended 30th 1997 1997. According to the transfer, the Additional Commissioner inspected that the Assisi was responsible. The tax on the reserve reserved for bonus shares in the balance sheet under section 12 (9) of the Income Tax Ordinance 1979, which is accordingly subject to the declaration of bonus shares up to 30th 1997 and the assessment made thereunder. Has been amended / amended by the Assessing Officer under section 62 of the Income Tax Ordinance, 1979, that he had transferred the reserve only to the issue of bonus shares from the general deposit account and this was merely a transfer entry. And no bonus shares were redeemed. Cleared, issued or paid during the period related to the estimation year, 1997, 98 Bid Bonus Shares Income Tax Ordinance, exemption under section 108 of the 108th Schedule to the Second Schedule of 1979, paid in the estimation year 1998 to 1998 Went to Bonus shares were exempt from tax under the aforesaid provision of Part I KCL 108 of the Act, 1997 and Part I of the Second Schedule of Income Tax Ordinance, 1979: Bonus shares were allowed between 1 7 1997 to 30 6 2000 The announcement was made on 21 11. In 1997, when the issuance of bonus shares was approved at the Company's Annual General Meeting and issued within a period of 30 days provided under section 251 of the Company Ordinance, the bonus shares of 1984 were issued from December 1, 1997 to June 30, 1995. how to become a advocate from Hazro lawyer