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 year 2022.

He shared the order of High Court of Sindh in dozens of petitions against said tax introduced through a Finance Bill. Barrister Farogh A Naseem lead the arguments which were adopted by other lawyers practicing on tax side.

A division bench of High Court of Sindh (SHC) ruled in favor of petitioners ordering that Sections 4C of the Income Tax Ordinance 2001 is read to reflect that the levy shall be applicable from the tax year 2023. 2. The bench also declared the 1 st proviso to Division IIB of Part I of the First Schedule to the Income Tax Ordinance 2001 “to be discriminatory, hence, ultra vires to the Constitution”.

This brought a relief to the petitioners/ businessmen in hard economic times.