| Case ID |
14ca7a61-65d2-4230-8555-d132ecdd4627 |
| Body |
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| Case Number |
ITA NO. 4668/LB/2022 |
| Decision Date |
Feb 06, 2022 |
| Hearing Date |
Feb 06, 2022 |
| Decision |
The case involves the assessment of income tax obligations under the Income Tax Ordinance, 2001, specifically focusing on Section 129(1) and the corresponding rules outlined in the Income Tax Rules, 2002. The Appellate Tribunal, represented by Judicial Member Tariq Iftikhar Ahmed, heard the case on February 6, 2022, but the appellant, M/s. Vision Builders (pvt), Ltd., was absent during the proceedings. The respondent, represented by Ms. Saman Gulzar, provided the necessary arguments and evidence to support the case against the appellant. The absence of the appellant raises questions regarding their tax compliance and the legitimacy of their claims. The Tribunal's decision will hinge on the evidence presented by the respondent and the interpretation of the relevant sections of the Income Tax law. The ruling will set a precedent for similar cases concerning tax obligations and compliance in the construction sector. |
| Summary |
This case revolves around the tax obligations of M/s. Vision Builders (pvt), Ltd. Lahore as assessed by the CIR, RTO, Lahore. The Appellate Tribunal Inland Revenue, Lahore, presided over the matter on February 6, 2022. The appellant failed to appear, resulting in the respondent, represented by Ms. Saman Gulzar, presenting their case without opposition. The Tribunal's focus was on the application of the Income Tax Ordinance, 2001, and the Income Tax Rules, 2002, particularly Sections 129(1) and 44(4). The outcome of this case is significant as it not only addresses the specific tax liabilities of the appellant but also establishes guidelines for future cases involving tax compliance in the construction industry. The decision is expected to clarify the legal expectations placed on construction firms regarding their tax filings and the consequences of non-compliance. Legal practitioners and tax professionals will closely monitor this case for its implications on tax law interpretations and enforcement. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
The CIR, RTO, Lahore,
Vision Builders (pvt), Ltd. Lahore
|
| Judges |
Tariq Iftikhar Ahmed
|
| Lawyers |
Ms. Saman Gulzar
|
| Petitioners |
M/s. Vision Builders (pvt), Ltd. Lahore
|
| Respondents |
The CIR, RTO, Lahore
|
| Citations |
2024 SLD 3697
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001,
Income Tax Rules, 2002
|
| Sections |
129(1),
44(4)
|