| Case ID |
0c2b0fdd-b175-4ba5-836a-9347571c7ef4 |
| Body |
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| Case Number |
ITA No. 294/LB/2012 |
| Decision Date |
Oct 06, 2016 |
| Hearing Date |
Sep 27, 2016 |
| Decision |
The Tribunal found that the taxpayer failed to provide adequate proof of tax deductions against payments made under the heads of rent rates, legal and professional charges, and advertisement. Consequently, the Tribunal vacated the order of the learned CIR(A) and confirmed the order of the Additional CIR, thereby ruling that the taxpayer was in default for not deducting and depositing the required tax. The appeal filed by the department was thus disposed of in favor of the Additional CIR's decision. |
| Summary |
The case involved an appeal by the Commissioner Inland Revenue against the decision of the learned CIR(A) who had deleted certain additions made under the Income Tax Ordinance, 2001. The appellant, a public limited company, had declared a loss for the tax year 2005 and was subject to a deemed assessment under Section 120. The Additional CIR amended this assessment based on perceived errors prejudicial to revenue interests. The learned CIR(A) ruled in favor of the taxpayer, leading to an appeal by the department. The Tribunal ultimately upheld the Additional CIR's order, emphasizing the taxpayer's failure to substantiate claims for tax deductions. This case highlights the importance of adhering to tax regulations and maintaining proper documentation to avoid penalties and ensure compliance with the Income Tax Ordinance. Keywords such as tax deductions, income tax ordinance, and legal compliance are essential for SEO optimization, providing insight into the legal nuances of tax law and its implications for businesses. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Standard Fruits Limited
|
| Judges |
CH. SHAHID IQBAL DHILLON, JUDICIAL MEMBER,
RAANA AHMAD, ACCOUNTANT MEMBER
|
| Lawyers |
Mr. Faisal Kambo
|
| Petitioners |
Commissioner Inland Revenue, ZonEVIII, RTO-II, Lahore
|
| Respondents |
M/S. Standard Fruits Limited, Multan Road, Lahore
|
| Citations |
2017 SLD 29
|
| Other Citations |
2002 SLD 56,
2002 PTD 1
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
21(c),
50(4)(a),
52,
86,
120,
122(5A),
122(9)
|