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EBRAHIM BROTHERS LIMITED versus COMMISSIONER OF INCOME-TAX, KARACHI


The petitioner was allowed to appeal the Income Tax Act 1922 Section 12 (g) (2) (ii) Constitution of Pakistan (1973), Article 185 (3), in response to this question. The justification was given in the negative whether or not the facts and in this case the tribunal's right was that the bonus share price should be charged at its expense for the acquisition of capital and the average value of all the shares, including the bonus shares. Should not be

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