| Case ID |
094c3ee6-1e5a-490d-87b7-4ba8164c7779 |
| Body |
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| Case Number |
ITA NO. 2911/LB/2018 |
| Decision Date |
May 06, 2024 |
| Hearing Date |
Mar 06, 2024 |
| Decision |
The Appellate Tribunal Inland Revenue issued its decision in ITA NO. 2911/LB/2018 on May 6, 2024. The hearing was conducted on March 6, 2024, with MUHAMMAD JAMIL BHATTI presiding as the Accountant Member. The case involved Mr. Moazzam Sultan as the Appellant and The CIR, LTU, Lahore as the Respondent, with representation from Mr. Farrukh Aslam and Mr. Tariq Javed Raja. The Tribunal addressed key sections of the Income Tax Ordinance, 2001, specifically Section 122(1) and Section 122(1)(5), which relate to the assessment and reassessment of income tax. The decision clarifies the application of these sections and their implications for tax assessment procedures, providing guidance for future cases involving similar issues. |
| Summary |
In the case ITA NO. 2911/LB/2018, the Appellate Tribunal Inland Revenue in Lahore examined critical aspects of the Income Tax Ordinance, 2001, focusing on sections 122(1) and 122(1)(5). This case is significant as it sets a precedent for the interpretation of tax laws and their enforcement. The hearing, presided over by MUHAMMAD JAMIL BHATTI, involved the appellant Mr. Moazzam Sultan and the respondent The CIR, LTU, Lahore, represented by notable lawyers Mr. Farrukh Aslam and Mr. Tariq Javed Raja. The Tribunal's decision emphasizes the importance of accurate tax assessments and provides clarity on the procedural aspects of tax law, which is vital for both taxpayers and tax authorities. This ruling is expected to influence future tax litigation and policy interpretation, making it a key reference for legal professionals and tax advisors. As trends in tax law evolve, this case will serve as a guiding framework for similar disputes, highlighting the need for compliance and understanding of tax obligations. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Not available
|
| Judges |
MUHAMMAD JAMIL BHATTI
|
| Lawyers |
Mr. Farrukh Aslam,
Mr. Tariq Javed Raja
|
| Petitioners |
Mr. Moazzam Sultan
|
| Respondents |
The CIR, LTU, Lahore
|
| Citations |
2024 SLD 3640
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(1),
122(1)(5)
|