| Case ID |
0bcfdaa0-506a-4147-bbe4-5083a43d2cf0 |
| Body |
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| Case Number |
ITA No. 1118/IB/2015 (Tax Year 2010) |
| Decision Date |
Sep 21, 2016 |
| Hearing Date |
Aug 04, 2016 |
| Decision |
The Appellate Tribunal dismissed the appeals filed by the appellant department against the order of the Commissioner IR (A-III), Rawalpindi. The Tribunal held that the payments received by the taxpayer, a cricketer, on contractual basis were correctly treated as final discharge of tax liability under the Income Tax Ordinance, 2001. The Tribunal noted that the CIR (A-III) had relied on previous judgments that established the treatment of similar receipts. The Tribunal found no merit in the appellant's objections regarding the retrospective application of tax provisions and upheld the CIR's decision to vacate the amended orders of the Assessing Officer. |
| Summary |
This case revolves around the tax liabilities of a professional cricketer who had received payments from the Pakistan Cricket Board. The core issue was whether these payments should be treated as a final discharge of tax liability under the Income Tax Ordinance, 2001. The appellant department contested the prior ruling of the CIR (A-III) which favored the taxpayer. The Tribunal concluded that the payments were indeed final and dismissed the appeals, reinforcing the established legal precedent regarding contractual receipts in the realm of taxation. This case highlights the complexities of tax law as it pertains to professional athletes and the importance of adhering to established legal interpretations of tax obligations. Keywords: tax liability, Income Tax Ordinance, contractual receipts, professional athlete taxation, legal precedent, appellate tribunal, tax year. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Not available
|
| Judges |
MIAN SAEED IQBAL, ACCOUNTANT MEMBER
|
| Lawyers |
Mr. Masood Akhtar, D.R,
Mr Zahid Masood Chatha, Advocate
|
| Petitioners |
CIR, RTO, Rawalpindi
|
| Respondents |
Mr. Sohail Tanveer
|
| Citations |
2016 SLD 1233
|
| Other Citations |
2004 PTD (Trib) 2749
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(5A),
153,
153(1)(b),
153(1)(c),
153(3)(b),
153(3)(d)
|