| Case ID |
3cc0c7c9-1f6b-4a31-8b5d-5183ef511fe9 |
| Body |
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| Case Number |
ITA NO. 3489/LB/2018 |
| Decision Date |
Feb 24, 2024 |
| Hearing Date |
Jan 09, 2024 |
| Decision |
The decision in this case revolves around the interpretation of provisions under the Income Tax Ordinance, 2001, specifically section 122. The tribunal examined the evidence presented by both the appellant and the respondent, leading to a conclusion that addressed the discrepancies in the taxation assessments. The ruling emphasizes the need for thorough documentation and adherence to tax regulations, highlighting the importance of compliance with statutory requirements. The tribunal's order also outlines potential remedies available to the appellant should they wish to contest the findings further. This case sets a precedent for similar disputes in the future, underscoring the critical nature of accurate tax reporting and the consequences of non-compliance. |
| Summary |
The case ITA NO. 3489/LB/2018 before the Appellate Tribunal Inland Revenue in Lahore deals with significant issues concerning the Income Tax Ordinance, 2001. The tribunal, led by CH. MUHAMMAD TARIQUE, evaluated the arguments presented by Mr. Muhammad Ehsan, the appellant, against the assessments made by the CIR. The case highlights the importance of understanding tax law and the implications of section 122 of the Income Tax Ordinance. The decision emphasizes the necessity for taxpayers to maintain accurate records and comply with the law to avoid disputes. This case serves as a valuable reference for tax practitioners and individuals navigating the complexities of tax regulations in Pakistan, particularly in light of recent changes in tax legislation and enforcement practices. Keywords such as 'Income Tax Ordinance', 'tax compliance', and 'tax disputes' are relevant to current discussions in the legal and financial communities. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Not available
|
| Judges |
CH. MUHAMMAD TARIQUE
|
| Lawyers |
Mr. Sohail Ibne Siraj,
Mr. Rudar Amjad
|
| Petitioners |
Mr. Muhammad Ehsan
|
| Respondents |
The CIR, Zone-IV, CTRO, Lahore
|
| Citations |
2024 SLD 3674
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(1),
122(5)
|