| Case ID |
03024b18-81af-4bd4-8eee-abe47556dcac |
| Body |
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| Case Number |
ITA NO. 2398/LB/2018 |
| Decision Date |
Jan 02, 2024 |
| Hearing Date |
Dec 05, 2023 |
| Decision |
The case revolves around the application of Section 121(1)(d) of the Income Tax Ordinance, 2001, in relation to the tax obligations of the respondent, M/s. Aqua Safe Pakistan (Pvt.) Ltd. The Appellate Tribunal, presided over by CH. MUHAMMAD TARIQUE, evaluated the arguments presented by the department representative, Ms. Anam Tahir. The decision highlights the importance of compliance with tax regulations and the implications of non-compliance for the corporate entity involved. The Tribunal's ruling aims to uphold the integrity of the tax system while providing a fair assessment based on the evidence and legal statutes presented during the hearing. |
| Summary |
This case, decided by the Appellate Tribunal Inland Revenue in Lahore, addresses key issues under the Income Tax Ordinance, 2001, particularly focusing on Section 121(1)(d). The Tribunal, led by CH. MUHAMMAD TARIQUE, assessed the compliance of M/s. Aqua Safe Pakistan (Pvt.) Ltd with tax obligations. The hearing took place on December 5, 2023, with a decision issued on January 2, 2024. The case underscores the significance of adhering to tax regulations and the potential consequences for corporations that fail to comply. It serves as a critical reference for similar cases concerning corporate tax liability and emphasizes the Tribunal's role in enforcing tax laws. Legal representatives, such as Ms. Anam Tahir, play a crucial role in advocating for compliance and addressing disputes that arise in this context. The decision aims to provide clarity and guidance on the application of tax laws, reinforcing the necessity for corporations to maintain transparency and adhere to statutory requirements. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
The CIR, RTO, Lahore,
M/s. Aqua Safe Pakistan (Pvt.) Ltd
|
| Judges |
CH. MUHAMMAD TARIQUE
|
| Lawyers |
Ms. Anam Tahir
|
| Petitioners |
The CIR, RTO, Lahore
|
| Respondents |
M/s. Aqua Safe Pakistan (Pvt.) Ltd, Lahore
|
| Citations |
2024 SLD 3571
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
121(1)(d)
|