| Case ID |
1a8b5c74-ce08-447d-b582-c87c9d73cf42 |
| Body |
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| Case Number |
ITA NO. 2754/LB/2018 |
| Decision Date |
Apr 05, 2024 |
| Hearing Date |
Jan 11, 2024 |
| Decision |
The Appellate Tribunal Inland Revenue issued a decision on the appeal filed by CIR, LTU, Lahore against Abdul Aziz Abbas Sharif. The tribunal reviewed the facts presented during the hearing on January 11, 2024, and considered the relevant sections of the Income Tax Ordinance, 2001. The decision outlined the interpretation of tax obligations under sections 120 and 122(1)(5) of the ordinance. The tribunal's ruling emphasized the importance of compliance with tax regulations and clarified the legal implications for the appellant. Ultimately, the tribunal ruled in favor of the respondent, affirming the initial findings and imposing necessary tax obligations. |
| Summary |
The case ITA NO. 2754/LB/2018 before the Appellate Tribunal Inland Revenue in Lahore involved an appeal concerning income tax obligations under the Income Tax Ordinance, 2001. The tribunal, led by Judicial Member Zahid Sikandar, assessed the arguments presented by both parties during the hearing on January 11, 2024. The case centered around sections 120 and 122(1)(5) of the ordinance, which detail the procedural and substantive aspects of income taxation. The tribunal's decision, delivered on April 5, 2024, reiterated the necessity of adherence to tax laws and the consequences of non-compliance. This case serves as a critical reference for understanding tax obligations and the enforcement mechanisms within the Income Tax Ordinance, 2001, making it a pivotal point of discussion among legal professionals and tax practitioners. Keywords such as 'Income Tax Ordinance', 'tax compliance', and 'Appellate Tribunal' are essential for SEO optimization as they reflect common queries and topics of interest in the field of tax law. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
CIR, LTU, Lahore,
Abdul Aziz Abbas Sharif
|
| Judges |
Zahid Sikandar
|
| Lawyers |
Mst. Seemab Zafar,
Mr. Khurram Shahzad
|
| Petitioners |
CIR, LTU, Lahore
|
| Respondents |
Abdul Aziz Abbas Sharif
|
| Citations |
2024 SLD 3585
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
120,
122(1)(5)
|