Capital gain on disposal of securities---Principles---Section 37-A of Income Tax Ordinance, 2001 is a charging provision, as the same imposes tax on capital gain made on the disposal of securities---Charging provision is to be construed strictly and literally and in favour of the tax payer and against the Revenue.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Sindh High Court | 2016 | KHALID MANSOOR Vs FEDERAL BOARD OF REVENUE and 3 others |
Income Tax Ordinance (XLIX of 2001) 37A, 37A(2), 100B, First Sched., Part I, Div. VII, Eighth Sched |
Capital gain on disposal of securities |