| Case ID |
41024b79-9d15-4b33-9db8-6db91fa3782e |
| Body |
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| Case Number |
ITA NO. 1737/KB/2023 |
| Decision Date |
Jan 23, 2024 |
| Hearing Date |
Jan 17, 2023 |
| Decision |
The case revolves around the interpretation and application of Section 122(1) of the Income Tax Ordinance, 2001. The Appellate Tribunal examined the arguments presented by both parties regarding the tax assessment made by the CIR RTO-II, Karachi. After considering the evidence, the Tribunal concluded that the assessment was made in accordance with the law and upheld the decision of the lower authority. The Tribunal emphasized the importance of compliance with tax regulations and the necessity for taxpayers to maintain proper documentation. The decision serves as a precedent for similar cases concerning tax assessments under the Income Tax Ordinance, highlighting the rigorous standards expected from taxpayers in maintaining their tax records. |
| Summary |
This case involves the Appellate Tribunal Inland Revenue's decision on an appeal filed by Mr. Imad Iqbal against the tax assessment by the CIR RTO-II, Karachi under the Income Tax Ordinance, 2001. The tribunal, presided over by MR. M. AMINULLAH SIDDIQUI and MR. AIJAZ AHMED KHAN, examined the legal arguments and evidence presented by both the appellant and the respondent. The key focus was on the interpretation of Section 122(1) of the Income Tax Ordinance, which outlines the conditions under which tax assessments may be deemed valid. The tribunal concluded that the assessment was justified and upheld it, reinforcing the need for strict adherence to tax law compliance. This decision is significant for future tax assessments and serves as a guideline for taxpayers to maintain adequate records and documentation to avoid disputes with tax authorities. Keywords: Income Tax Ordinance, tax assessment, legal compliance, Appellate Tribunal, Karachi. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Appellate Tribunal Inland Revenue,
CIR RTO-II, Karachi
|
| Judges |
MR. M. AMINULLAH SIDDIQUI, J.M.,
MR. AIJAZ AHMED KHAN, A.M.
|
| Lawyers |
Mr. Taimoor Ahmed Qureshi, Advocate,
Mr. Asfandyar Janjua, D.R.
|
| Petitioners |
Mr. Imad Iqbal
|
| Respondents |
The CIR RTO-II, Karachi
|
| Citations |
2024 SLD 3393
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(1)
|