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COMMISSIONER OF INCOME-TAX/WEALTH TAX, COMPANIES ZONE-I, LAHORE versus MUHAMMAD MUGHFOOR


Section 235 Wealth Tax Rules, 1963, R8 (2) (c) (i) (ii) Part of a dissolved company, such share shall not be charged as property owned by its former shareholders. Such shares will have no value. The reasons for such company's paid-up capital or purchased capital were explained

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