SHC dismisses WTC filed by Income Tax Department
KARACHI: An old case of Wealth Tax pertaining to year 1997-98 finally came to an end when an Income Tax Appellate bench of High Court of Sindh finally ruled against…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: An old case of Wealth Tax pertaining to year 1997-98 finally came to an end when an Income Tax Appellate bench of High Court of Sindh finally ruled against…
KARACHI: A constitutional petition filed by Havelet Gas Private Limited against Federal Board of revenue and Inland Revenue Service (IRS) was disposed of here on Wednesday by an income tax…
KARACHI: A tax appellate bench of High Court of Sindh restrained Inland Revenue from coercive recovery of income tax from petitioner company messers Pak-Sat Private Limited Islamabad. The bench earlier…
KARACHI: The Commissioner of Appeals (I) of Income Tax Department was ordered to decide stay application filed by Al-Noor Sugar Mills within 15 days. The order came from an appellate…
KARACHI: An income tax appellate bench of High Court of Sindh (SHC) while deciding a constitution petition filed by Younus Textile Mills against Chief Commissioner, Inland Revenue and others held…
KARACHI: An Income Tax Appellate bench of High Court of Sindh (SHC) hearing a petition filed by M/s Bandhi Sugar Mills Ltd against Fed. of Pakistan and others disposed of…
KARACHI: Three identical appeals filed in 1999 and admitted for regular hearing in December 2002 were finally decided on March 03, 2022 in favor of respondent Income Tax department. The…
KARACHI: Hearing a constitution petition filed by Ms. Kulsoom against Income Tax department which over valued the foreign assets declared by the petitioner was disposed of by Income Tax Appellate…
KARACHI: Hearing a bunch of appeals including Constitutional Petitions No.D-1359, 1360 and others filed by M/s. Sakrand Sugar Mills Limited: (in C.P. No.D-1359 of 2021) M/s. Sakrand Sugar Mills Limited,…
KARACHI: An income tax liability case came to end after 21 years with decision in favor of Pakistan Petroleum Limited (PPL). The two ITCs (Income Tax Cases were finally heard…
KARACHI: A tax appellate bench of High Court of Sindh comprising Justice Muhammad Shafi Siddiqui and Justice Agha Faisal allowed 88 petitions while 3 High Court Appeals (HCAs) filed by…
KARACHI: Federal Board of Revenue (FBR) has notified the procedure of taxation on cooperative housing societies. In the Circular No. 03 of Income Tax (Operations), the FBR said that taxation…
KARACHI: An appellate bench of High Court (SHC) struck down section 5(A) of the Income Tax Ordinance 2001 for being ultra vires of the Constitution. The bench in its judgment…
KARACHI: A number of Income Tax Reference Applications and constitutional petitions filed by Dr. Zafar Sajjad against Commissioner Inland Revenue Zone-I Regional Tax Office-III Karachi impunging show cause notices issued…
KARACHI: Seven identical Special Custom Reference Applications (SCRA’s) filed by two collectorates of Pakistan Customs filed through Iqbal M. Khurram Advocate were dismissed by a custom appellate bench of High…
KTBA-221 – 28-12-2020 – Taxpayer’s Profile – Us-114A – Member-IR Operations_ FI
KARACHI: Pre-admission notices were issued to respondents including Commissioner Income Tax for Aug 25 in a constitution petition filed by Engro Elengy Terminal Private Limited, by a division bench of…
Textile Exporters are annoyed and distressed in the wake of highest ever liquidity crunch being faced due to imposition of 17 percent GST whose refunds are excessively delayed by the…
KARACHI: Deciding three identical appeals filed by Usama Enterprises, Marhaba Trading Corporation and Universal Trading, Special Customs Appellate Tribunal headed by its chairman/member judicial II, Mr Sajid Abbasi, allowed the…
Pakistan Hosiery Manufacturers & Exporters Association profoundly appreciates the government’s initiative to expedite refunds to exporters under FASTER system. However, in order to ease and facilitate exporters liquidity problems in…