EBRAHIM BROTHERS LIMITED--- versus COMMISSIONER OF INCOME TAX, KARACHI---
Section 12 (g) (2) (ii) Constitution of Pakistan (1973), Article 185 (3) allowed leave of appeal to consider whether the High Court justified in answering that question. In the negative, whether in the facts or not, in the circumstances of the case it was justified that the share of the bonus should be charged at the expense of the capital gains and not the average value of all the shares, including the bonus shares.
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