IHC rules that super tax will not apply retrospectively
KARACHI: The Islamabad High Court (IHC) has ruled that the super tax imposed under Section 4C of the Income Tax Ordinance 2001 will not have any retrospective application and will…
SHC allows application by IR, order discharge of securities
KARACHI: An appellate bench of High Court of Sindh allowing an appeal filed by Commissioner, Inland Revenue, Large Tax Payer’s Officer (LTO) seeks discharge of sureties in favor of the…
Sharjeel Jamal congratulate business community over Super Tax case win
KARACHI: Sharjeel Jamal, Convener of FPCCI’s Advisory Committee on Trade & Regulatory Laws, for the year 2022. has congratulated the business community regarding imposition of Super Tax for the fiscal…
SHC allows dozens of petitions challenging imposition of Super Tax
KARACHI: An appellate bench of High Court of Sindh allowed dozens of constitution petitions filed against imposition of Super Tax through a short order with detailed order to follow. The…
Super-Tax imposition in “harsh and destructive” for performing export-oriented sector: Value-Added Textile Associations
EXPORT-ORIENTED INDUSTRIES DEMAND IMMEDIATE WITHDRAWAL OF SUPER-TAX: Unjust and uncalled-for imposition of 10 percent super-tax, in addition to all multiple levied taxes, is highly disastrous for export-oriented industries which have…
SHC issues detailed judgment in Double Taxation, Super Tax case
KARACHI: An appellate bench of High Court of Sindh issued detailed judgment in a bunch of Constitutional Petitions by the tax payers and Applications by the Inland Revenue. The court…
SHC declares super tax intra vires
KARACHI: An appellate bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbassi and Justice Abdul Malik Gaddi declared super tax as intra vires of the Constitution of Pakistan…
SHC hears petition against imposition of Super Tax
KARACHI: A specially constituted bench consisting of Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Monday heard hundreds of identical petitions by different agencies, private companies etc challenging…
SHC to hear super tax case on March 7
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Thursday heard a petition challenging vires of Finance Act…
Notice for “Super Tax” recovery suspended by SHC
KARACHI: Justice Yousuf Ali Saeed of High Court of Sindh suspended notices of recovery sent by Income Tax Department to plaintiff Tariq Rafi of Siddiq Sons. The plaintiff moved the…
PBA recommends tax reduction for banks to 30% and discontinuation of Super tax
KARACHI: A set of proposals for Federal Budget 2018-2019 concerning the banking sector has been forwarded to the FBR by Pakistan Banks’ Association (PBA). It has been recommended by the…
Challenge to section 4B of Income Tax Act: Notices issued for Dec 19
KARACHI: Justice Muhammad Ali Mazhar of High Court of Sindh (SHC) on Thursday ordered issuance of notices to respondents in a fresh challenge to section 4B of the Income Tax…
Government continues super tax for another year
KARACHI: The government has decided to continue the super tax levied for another year, it was imposed in 2015-16 for the purpose of rehabilitating temporary displaced persons (TDP) affected by…