| Case ID |
412ca08b-8d7b-4286-a64c-9a3ae4cdf770 |
| Body |
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| Case Number |
Civil Petition No.6-L of 2023 |
| Decision Date |
May 23, 2023 |
| Hearing Date |
May 23, 2023 |
| Decision |
The Supreme Court of Pakistan addressed the issues raised in the Civil Petition No.6-L of 2023 regarding the Income Tax Ordinance, 2001. The court deliberated on the legal interpretations and applications of Section 122(5A) of the Income Tax Ordinance as challenged by Allied Bank Limited against the judgment of the Lahore High Court. The court emphasized the importance of adhering to tax laws and regulations while ensuring that the rights of tax entities are protected. The decision aims to clarify the procedural aspects and substantive rights concerning income tax assessments in Pakistan, setting a precedent for similar future cases. |
| Summary |
In the case of Civil Petition No.6-L of 2023, the Supreme Court of Pakistan examined the appeal filed by Allied Bank Limited against the Lahore High Court's ruling in ITR No.63041 of 2022. The focus of the case was on the interpretation and application of Section 122(5A) of the Income Tax Ordinance, 2001. The petition sought to challenge the assessment made by the tax authorities, arguing that the procedures followed were not in accordance with the law. The court, presided over by Mr. Justice Syed Mansoor Shah and Mr. Justice Syed Hassan Azhar Rizvi, provided insight into the legal standards governing tax assessments, highlighting the balance between tax compliance and the protection of taxpayer rights. This case underscores the evolving landscape of tax law in Pakistan and serves as a significant reference for legal practitioners and tax professionals alike, particularly in understanding the intricacies of the Income Tax Ordinance. |
| Court |
Supreme Court of Pakistan
|
| Entities Involved |
Allied Bank Limited,
The Commissioner of Income Tax, Lahore
|
| Judges |
Mr. JUSTICE SYED MANSOOR SHAH,
Mr. JUSTICE SYED HASSAN AZHAR RIZVI
|
| Lawyers |
Dr. Ikram ul Haq, ASC,
Ch. Muhammad Shakeel, ASC,
Naveed Akhtar, DC
|
| Petitioners |
Allied Bank Limited
|
| Respondents |
The Commissioner of Income Tax, Lahore
|
| Citations |
2023 SLD 6641
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(5A
|