| Case ID |
232d1d1f-525f-4ee7-829d-4325ade20df0 |
| Body |
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| Case Number |
ITA NO. 2126/LB/2019 |
| Decision Date |
Feb 21, 2024 |
| Hearing Date |
Feb 01, 2024 |
| Decision |
The decision of the Appellate Tribunal Inland Revenue in the case of ITA NO. 2126/LB/2019 involved an assessment under the Income Tax Ordinance, 2001, specifically Section 153(7). The tribunal evaluated the arguments presented by both parties, including the appellant, Commissioner Inland Revenue, and the respondent, M/s. Fazal Sons. After careful consideration of the legal provisions and the evidence submitted, the tribunal issued its order on 21st February 2024, which is expected to clarify the application of the law in similar cases. The decision emphasizes the importance of adhering to statutory requirements and procedural norms in tax assessments. |
| Summary |
This case revolves around the assessment of income tax obligations under the Income Tax Ordinance, 2001, particularly focusing on Section 153(7). The Appellate Tribunal Inland Revenue in Lahore presided over the case with NASIR MAHMUD as the judicial member. The case was initiated by the Commissioner Inland Revenue against M/s. Fazal Sons, where the tribunal aimed to resolve disputes regarding tax assessments and compliance with legal standards. The hearing took place on February 1, 2024, and the decision was rendered on February 21, 2024. This case is significant for tax practitioners and entities involved in tax compliance as it sheds light on the tribunal's interpretation of tax laws and the procedural expectations placed on taxpayers. Understanding the nuances of this decision is crucial for stakeholders in the taxation sector, as it not only impacts the parties involved but also provides a precedent for future tax-related disputes. Keywords such as 'Income Tax Ordinance', 'tax assessment', and 'Appellate Tribunal' are essential for those searching for information on tax law disputes and decisions in Pakistan. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Commissioner Inland Revenue, CIR, RTO, Lahore,
M/s. Fazal Sons, Lahore
|
| Judges |
NASIR MAHMUD
|
| Lawyers |
Mr. Nadeem Asad, DR,
Mr. Sajjad Ali, Adv.
|
| Petitioners |
Commissioner Inland Revenue, CIR, RTO, Lahore
|
| Respondents |
M/s. Fazal Sons, Lahore
|
| Citations |
2024 SLD 3699
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
153(7)
|