| Case ID |
d54f56b2-4e50-488c-af58-c69ca5183f7b |
| Body |
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| Case Number |
S.T.A. No.1309/LB of 2005 |
| Decision Date |
Apr 03, 2007 |
| Hearing Date |
Mar 08, 2007 |
| Decision |
The tribunal upheld certain penalties imposed on the appellant for late filing of sales tax returns and wrong filing of monthly sales tax returns, while remitting some penalties due to lack of revenue implications. The decision highlighted that the appellant's late filing was within the extended time provided by the C.B.R. and that the failure to record exempt purchases was justified by practices in the industry. However, the demand for sales tax and penalties related to under-valuation of supplies and sale of machinery without tax payment was upheld, with the tribunal directing the appellant to pay the demanded amounts. |
| Summary |
The case revolves around the Sales Tax Act, 1990, where the Appellate Tribunal Inland Revenue adjudicated on various penalties imposed on the appellant for late filing and inaccuracies in sales tax returns. Key issues included the justification for late filings, the recording of exempt purchases, and the discrepancies in the valuation of supplies. The tribunal's decision underscored the importance of compliance with tax regulations while also recognizing the realities faced by businesses in maintaining accurate records. This case serves as a critical reference for understanding sales tax compliance and penalties under the Sales Tax Act, 1990, making it relevant for tax practitioners and businesses alike. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Not available
|
| Judges |
CH. FARRUKH MAHMUD,
ZAFAR UL MAJEED
|
| Lawyers |
Ijaz Ahmed Awan,
Khalid Mehmood,
Faisal S.A.
|
| Petitioners |
Ijaz Ahmed Awan
|
| Respondents |
Khalid Mehmood,
Faisal S.A.
|
| Citations |
2008 SLD 224,
2008 PTD 139,
(2007) 96 TAX 296
|
| Other Citations |
Not available
|
| Laws Involved |
Sales Tax Act, 1990
|
| Sections |
33,
33(1),
33(7),
2(35),
33(2)(cc),
46
|