Legal Case Summary

Case Details
Case ID 0acb220d-4ba2-4a86-95a1-eb6309d8fe23
Body View case body.
Case Number Income Tax Cases No.233 to 238 of 2001
Decision Date
Hearing Date May 03, 2023
Decision Not available
Summary The case involves the Karachi Stock Exchange (G) Ltd. and the Commissioner Income Tax, addressing issues under the Income Tax Ordinance of 1979, specifically Section 136(2). The hearing was presided over by Justices Muhammad Shafi Siddiqui and Agha Faisal on May 3, 2023. The case emphasizes the legal interpretation and application of income tax laws, which are vital for businesses operating in Pakistan, particularly in the financial sector. It highlights the ongoing legal complexities involved in taxation and the importance of compliance with the Income Tax Ordinance. The representation by notable advocates showcases the significance of legal expertise in navigating tax-related disputes. This case serves as a critical reference for future income tax litigation and regulatory compliance in Pakistan.
Court Sindh High Court
Entities Involved Karachi Stock Exchange (G) Ltd., The Commissioner Income Tax
Judges Mr. JUSTICE MUHAMMAD SHAFI SIDDIQUI, Mr. JUSTICE AGHA FAISAL
Lawyers Mr. Munawwar Ali Memon Advocate, Mr. Abdul Khaliq Khatri Advocate
Petitioners The Commissioner Income Tax
Respondents Karachi Stock Exchange (G) Ltd.
Citations 2023 SLD 6626
Other Citations Not available
Laws Involved Income Tax Ordinance, 1979
Sections 136(2)