Legal Case Summary

Case Details
Case ID 0a645622-4417-4609-88f8-44a7def3bb09
Body View case body.
Case Number ITA NO. 282/MB/2024
Decision Date Apr 04, 2024
Hearing Date Apr 02, 2024
Decision The Appellate Tribunal Inland Revenue, Multan Bench, upon hearing the case of Mr. Ghafoor Cotton Mills, PVT. Ltd, against The CIR, RTO, Multan, evaluated the arguments presented by both parties. The tribunal carefully considered the provisions of the Income Tax Ordinance, particularly Section 161, which pertains to the obligations and liabilities of taxpayers. After thorough deliberation, the tribunal rendered its decision on April 4, 2024, affirming the importance of compliance with tax regulations and the implications of non-compliance. The tribunal emphasized the necessity for businesses to adhere to tax laws to avoid penalties and ensure fair taxation.
Summary In the case before the Appellate Tribunal Inland Revenue, Multan Bench, the key issue revolved around the tax obligations of Mr. Ghafoor Cotton Mills, PVT. Ltd, as it faced scrutiny from The CIR, RTO, Multan. The tribunal's examination of the Income Tax Ordinance, 2001, particularly Section 161, underscored the critical nature of adherence to tax responsibilities by corporations. The decision reiterated the legal framework governing taxation in Pakistan and highlighted the consequences of failing to meet these obligations. The ruling served as a reminder to businesses of their duties under the law and the importance of maintaining transparent and compliant financial practices. The outcome of this case is expected to have implications for similar entities navigating the complexities of tax compliance in Pakistan.
Court Appellate Tribunal Inland Revenue, Multan Bench
Entities Involved Mr. Ghafoor Cotton Mills, PVT. Ltd, Multan, The CIR, RTO, Multan
Judges IMRAN LATIF MINHAS
Lawyers Mr. Shabbir Fakhar-ud-din, Mr. Mashooq Hussain
Petitioners Mr. Ghafoor Cotton Mills, PVT. Ltd, Multan
Respondents The CIR, RTO, Multan
Citations 2024 SLD 3448
Other Citations Not available
Laws Involved Income Tax Ordinance, 2001
Sections 161