| Case ID |
141166b7-7a05-46bb-b4cd-a68b8c1febff |
| Body |
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| Case Number |
STA NO. 931/LB/2016, ITA NO. 932/LB/2016 |
| Decision Date |
Apr 22, 2024 |
| Hearing Date |
Jan 23, 2024 |
| Decision |
The Appellate Tribunal Inland Revenue delivered a decision on the appeal regarding the Income Tax Ordinance, 2001, specifically under Section 161(B). The case involved the assessment of tax liabilities and compliance with the provisions of the law. The Tribunal reviewed the arguments presented by both the appellant and the respondent, focusing on the interpretation of the relevant tax laws and the obligations of the taxpayer. After careful consideration of the evidence and legal precedents, the Tribunal ruled in favor of the appellant, leading to a significant implication for future tax assessments in similar cases. The decision emphasized the importance of adhering to the statutory requirements laid out in the Income Tax Ordinance and provided clarity on the application of Section 161(B). |
| Summary |
This case revolves around the appeal filed by CIR, LTU, Lahore against M/s. Bata Pakistan Ltd, Lahore concerning tax liabilities under the Income Tax Ordinance, 2001. The Appellate Tribunal, led by Accountant Member Muhammad Jamil Bhatti, analyzed the arguments presented by both parties during the hearing on January 23, 2024, before issuing its order on April 22, 2024. The case is significant as it addresses key aspects of tax law compliance and the interpretation of Section 161(B) of the Income Tax Ordinance. The Tribunal's decision not only impacts the parties involved but also sets a precedent for future cases, ensuring clarity in the application of tax laws. The ruling is expected to influence similar tax assessments, highlighting the need for strict adherence to legal obligations by taxpayers. As tax regulations evolve, this case serves as a crucial reference point for legal practitioners and taxpayers alike, emphasizing the importance of understanding the implications of tax law. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
CIR, LTU, Lahore,
M/s. Bata Pakistan Ltd, Lahore
|
| Judges |
MUHAMMAD JAMIL BHATTI
|
| Lawyers |
Mr. Abdullah Zulfiqar,
Mr. Waseem A. Malik
|
| Petitioners |
CIR, LTU, Lahore
|
| Respondents |
M/s. Bata Pakistan Ltd, Lahore
|
| Citations |
2024 SLD 3688
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
161(B)
|