Income Tax Ordinance, 2001

CHAPTER-VIII

ANTI-AVOIDANCE

From: 2023-07-01 - To: 0000-00-00 112. Liability in respect of certain security transactions.- (1) Where the owner of any security disposes of the security and thereafter re-acquires the security and the result of the transaction is that any income payable in respect of the security is receivable by any person other than the owner, the income shall be treated, for all purposes of the Ordinance, as the income of the owner and not of the other person. (2) In this section, “security” includes 1[bonds, certificates, debentures,] stocks and shares. ________________________________________________________ 1-Inserted vide the Finance Act, 2003 (I of 2003 assented on 16th June, 2003) From: 2003-07-01 - To: 2023-06-30 112. Liability in respect of certain security transactions.- (1) Where the owner of any security disposes of the security and thereafter re-acquires the security and the result of the transaction is that any income payable in respect of the security is receivable by any person other than the owner, the income…