| Case ID |
1eeeb24b-834d-4d53-b4f5-707d2e89a78c |
| Body |
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| Case Number |
ITA NO. 3174/LB/2022 |
| Decision Date |
Sep 04, 2023 |
| Hearing Date |
Aug 24, 2023 |
| Decision |
The Appellate Tribunal Inland Revenue reviewed the case presented by M/s. Warda Designer Collection against The CIR, LTO, Lahore. The tribunal, led by Accountant Member Muhammad Jamil Bhatti, carefully considered the arguments and evidence provided by both parties. The decision rendered on September 4, 2023, addressed the implications of Section 122(5A) of the Income Tax Ordinance, 2001, and provided clarity on the application of tax regulations pertinent to the appellant. The tribunal emphasized the importance of adhering to established tax laws while ensuring fair treatment of taxpayers. The final ruling upheld the integrity of the tax system and reinforced the necessity for compliance with legal standards. |
| Summary |
The case involves M/s. Warda Designer Collection appealing against the decision of The CIR, LTO, Lahore regarding tax assessments under the Income Tax Ordinance, 2001. The Appellate Tribunal Inland Revenue, Lahore, presided by Accountant Member Muhammad Jamil Bhatti, examined the case on August 24, 2023, and delivered a decision on September 4, 2023. The tribunal's ruling focused on Section 122(5A) of the Income Tax Ordinance, 2001, addressing the nuances of tax law application. The decision is significant for stakeholders in the tax industry and emphasizes compliance with tax regulations. This case highlights the ongoing dialogue between taxpayers and tax authorities, reinforcing the need for transparency and adherence to legal standards in tax assessments. The tribunal's findings not only impact the parties involved but also set a precedent for future cases regarding tax compliance and enforcement. Overall, the case underscores the importance of understanding tax laws and the role of appellate bodies in adjudicating disputes between taxpayers and tax authorities. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Not available
|
| Judges |
MUHAMMAD JAMIL BHATTI
|
| Lawyers |
Mr. Mushtaq Ahmed,
Ms. Zil-e-Huma
|
| Petitioners |
M/s. Warda Designer Collection
|
| Respondents |
The CIR, LTO, Lahore
|
| Citations |
2024 SLD 3458
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(5A
|