| Case ID |
7fb6589f-e3dc-4ebb-8e9a-7c7a0433b7eb |
| Body |
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| Case Number |
ITA NO. 26/IB/2022 |
| Decision Date |
Jul 24, 2023 |
| Hearing Date |
Jul 19, 2023 |
| Decision |
The Appellate Tribunal Inland Revenue delivered its judgment on the matter concerning the Income Tax Ordinance, 2001. The case involved the interpretation of sections 122(5A) and 114. The Tribunal critically examined the arguments presented by both the appellant and the respondent, focusing on the applicability of the relevant tax provisions and statutory interpretations. The decision emphasized the importance of adhering to procedural requirements as outlined in the Income Tax Ordinance. The Tribunal's ruling aimed at ensuring clarity in tax assessments and reinforcing compliance among taxpayers. |
| Summary |
This case revolves around the Income Tax Ordinance, 2001, specifically sections 122(5A) and 114, as adjudicated by the Appellate Tribunal Inland Revenue in Lahore. The appeal was filed by Faqir Muhammad Sabir against the Commissioner Inland Revenue, Zone-II. The Tribunal, presided over by Judicial Member Nasir Mahmud, conducted hearings on July 19, 2023, and delivered its decision on July 24, 2023. This case is significant for tax practitioners as it highlights the nuances in tax law and the interpretation of statutory provisions. The lawyers representing both parties presented compelling arguments, reflecting the complexities of tax legislation. The Tribunal's decision serves as a precedent for future tax assessments and appeals, making it a vital reference point for legal professionals engaged in tax law. The case emphasizes the necessity for clear and concise compliance with tax regulations, aiming to foster a more transparent taxation environment. Keywords: Income Tax Ordinance, Appellate Tribunal, tax law, tax compliance, legal precedents. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
|
| Judges |
NASIR MAHMUD
|
| Lawyers |
Mudassar Shuja-ud-din,
Mr. Yousaf Ismail
|
| Petitioners |
Faqir Muhammad Sabir
|
| Respondents |
Commissioner Inland Revenue, Zone-II, RTO, Lahore
|
| Citations |
2024 SLD 3321
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(5A,
114
|