NASEEM SIKANDAR, J.---In this further appeal under section 136 of the Income Tax Ordinance, 1979 (since amended) following questions of law are stated to have arisen out of the order of the Tribunal dated 27-3-2000:--
(i) "Whether in the facts and circumstances of the case the provisions of section 12(18) of the Income Tax Ordinance, 1979 are applicable?
(ii) Whether in the facts and circumstances of the case it is necessary under the Income Tax Ordinance, 1979 that an application for allotment of shares be made in the office of the Corporate Law Authority before the close of the account year?
(iii) Whether the facts that the assessee had applied before the Corporate Law Authority for allotment of shares after the Assessing Officer had confronted the assessee on this account materially change the nature of the amount deposited for deposit (sic) for share with the company?
(iv) Whether in the facts and circumstances of the case the Hon'ble ITAT was right in cancelling the order of the learned first appellate forum/CIT (A)'s and restoring the order of the Assessing Officer/Deputy Commissioner of Income Tax Circle-01 Islamabad?
(v) Whether deposit for share means "loan" under law?
2. On hearing the learned counsel we will readily agree that the issue in hand if the provisions of section 12(18) of the Income Tax Ordinance, 1979 were attracted to the facts of the present case already stands resolved by this Court through a judgment dated 6-2-2001 in I.T.As. Nos. 491 of 2000, 492 of 2000, 677 of 2000, 678 of 2000 and 321 of 2000. That judgment was subsequently maintained, by the Hon'ble Supreme Court of Pakistan on 24-1-2001 in C.Ps. Nos. 984 of 2001 to 988/2001.
3. That being so Question No. (1) as framed is answered in the negative. The other four questions as framed do not need to be answered.
4. Appeal disposed of. .