| Case ID |
2b28371d-2613-41b9-8058-c534c478fb66 |
| Body |
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| Case Number |
ITA NO. 5215/LB/2023 |
| Decision Date |
Jan 08, 2024 |
| Hearing Date |
Jan 08, 2024 |
| Decision |
The Appellate Tribunal Inland Revenue delivered its judgment on January 8, 2024, regarding the appeal filed by M/s. Kamal Limited against the order of the CIR, LTO, Lahore. The Tribunal assessed the merits of the case under Section 122(5) of the Income Tax Ordinance, 2001. The decision emphasized compliance with tax regulations and the necessity for proper documentation in support of claims made by the appellant. The Tribunal's ruling aimed to clarify the interpretations of the relevant tax law provisions and ensure equitable treatment of taxpayers in similar circumstances. The outcome of this case is expected to influence future tax litigation and compliance strategies for corporations operating within the jurisdiction. |
| Summary |
In the case of M/s. Kamal Limited vs. CIR, LTO, Lahore, the Appellate Tribunal Inland Revenue examined the appeal dated January 8, 2024. The case was presided over by Judges Ayesha Fazil Qazi and Shaban Bhatti. The focus was on the interpretation of Section 122(5) of the Income Tax Ordinance, 2001. The Tribunal's ruling is significant as it addresses the obligations of taxpayers regarding documentation and compliance with tax laws. This case serves as a critical reference for similar disputes in the realm of tax law, highlighting the importance of adhering to legal requirements and the potential consequences of non-compliance. The decision is expected to have a lasting impact on corporate tax practices and litigation strategies. Keywords such as 'Income Tax Ordinance', 'tax compliance', and 'corporate tax litigation' are essential for understanding the implications of this case in the field of tax law. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
CIR, LTO, Lahore,
M/s. Kamal Limited
|
| Judges |
AYESHA FAZIL QAZI,
SHABAN BHATTI
|
| Lawyers |
Mr. Mudassar Shuja,
Mr. Usman Rathore
|
| Petitioners |
M/s. Kamal Limited
|
| Respondents |
CIR, LTO, Lahore
|
| Citations |
2024 SLD 3642
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(5)
|