| Case ID |
0a1b4092-1e1e-459e-a74d-44a0b63d29bc |
| Body |
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| Case Number |
ITA NO. 06/LB/2017 |
| Decision Date |
Oct 09, 2023 |
| Hearing Date |
Sep 25, 2023 |
| Decision |
The Appellate Tribunal Inland Revenue in Lahore delivered a decision on the Income Tax Ordinance, 2001, specifically under Section 120, following a hearing held on September 25, 2023. The case involved the CIR from the RTO, Lahore, as the petitioner and M/s. Sayid Paper Mills (Pvt) Ltd as the respondent. The decision provided clarity on the application of income tax regulations and set a precedent for future cases. The tribunal emphasized the importance of compliance with tax laws and the consequences of non-compliance. The ruling is significant for taxpayers and legal practitioners in the field of tax law. |
| Summary |
The case of M/s. Sayid Paper Mills (Pvt) Ltd vs The CIR, RTO, Lahore, adjudicated by the Appellate Tribunal Inland Revenue on October 9, 2023, revolves around the interpretation and enforcement of the Income Tax Ordinance, 2001. The tribunal, led by Judicial Member Ayesha Fazil Qazi, analyzed the challenges posed by the respondent regarding their tax obligations. The proceedings highlighted the complexities of tax law compliance and the implications for businesses operating in Pakistan. This ruling is pivotal for understanding the legal framework governing income tax and reinforces the necessity for companies to adhere strictly to statutory requirements. The tribunal's decision is expected to influence similar cases and serve as a reference point for tax practitioners and corporate entities navigating the intricate landscape of tax legislation. The detailed examination of Section 120 of the Income Tax Ordinance offers valuable insights into the tribunal's interpretative approach towards compliance and enforcement, making this case a critical touchstone in the ongoing discourse surrounding tax law in Pakistan. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
The CIR, RTO, Lahore,
M/s. Sayid Paper Mills (Pvt) Ltd, Lahore
|
| Judges |
AYESHA FAZIL QAZI
|
| Lawyers |
Mr. Talat Mehmood Bosaal,
Mr. Saood Nasrullah Cheema Advocate
|
| Petitioners |
The CIR, RTO, Lahore
|
| Respondents |
M/s. Sayid Paper Mills (Pvt) Ltd, Lahore
|
| Citations |
2024 SLD 3374
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
120
|