| Case ID |
2aa0e21b-9fa9-4727-ae69-9656e1e65760 |
| Body |
View case body. Login to View |
| Case Number |
ITA NO. 2115/LB/2017 |
| Decision Date |
Oct 30, 2023 |
| Hearing Date |
Oct 17, 2023 |
| Decision |
The case revolves around the interpretation of Section 111(1)(b) of the Income Tax Ordinance, 2001, involving Mr. Muhammad Lutfullah Bhalli, who is the proprietor of Bhalli Constructors. The Appellate Tribunal Inland Revenue, after a thorough examination of the facts presented, ruled in favor of the petitioner, The Commissioner Inland Revenue, highlighting the importance of compliance with tax regulations and the implications of non-disclosure of income. The decision underscores the tribunal's commitment to uphold tax laws and ensure fair taxation practices. This ruling serves as a precedent for future cases involving similar tax compliance issues, reiterating the need for transparency in financial declarations. |
| Summary |
This case, heard by the Appellate Tribunal Inland Revenue in Lahore, addresses significant issues surrounding tax compliance under the Income Tax Ordinance, 2001. The tribunal's ruling emphasizes the critical nature of adhering to tax regulations, particularly in the context of non-disclosure of income. The decision highlights the responsibilities of both the tax authorities and the taxpayers, ensuring that all parties engage in transparent financial practices. The outcome of this case not only affects the parties involved but also sets a vital precedent for future tax-related disputes, encouraging taxpayers to maintain accurate records and comply with tax laws. This case is essential for understanding the complexities of tax law in Pakistan and the implications of failing to comply with the Income Tax Ordinance. Keywords: tax compliance, Income Tax Ordinance, tax regulations, financial transparency, tax disputes. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Bhalli Constructors
|
| Judges |
NASIR MAHMUD
|
| Lawyers |
Mr. Mazhar Ali
|
| Petitioners |
The Commissioner Inland Revenue, Zone-III, RTO-II, Lahore
|
| Respondents |
Mr. Muhammad Lutfullah Bhalli
|
| Citations |
2024 SLD 3360
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
111(1)(b)
|