| Case ID |
d5cb7fd8-925b-4175-be18-53e8be6144c2 |
| Body |
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| Case Number |
ITA No. 1539/KB-2022 |
| Decision Date |
Oct 03, 2022 |
| Hearing Date |
Sep 21, 2022 |
| Decision |
The Appellate Tribunal Inland Revenue, Karachi, in its order dated 03.10.2022, addressed the appeal filed by M/s. Swift Management Services against the Commissioner of Inland Revenue. The case revolved around the provisions of the Income Tax Ordinance, specifically Section 122(5A). The Tribunal evaluated the arguments presented by both parties and considered the evidence submitted. After thorough deliberation, the Tribunal upheld the decision of the lower authority, affirming the tax assessment made by the Commissioner. The Tribunal emphasized the importance of compliance with tax regulations and the necessity for accurate reporting of income. This ruling serves as a significant reference for future cases involving tax assessments and compliance under the Income Tax Ordinance. |
| Summary |
The case of M/s. Swift Management Services vs. The Commissioner, Inland Revenue, Zone-III,RTO-II, Karachi, heard by the Appellate Tribunal Inland Revenue, revolves around tax compliance and assessment under the Income Tax Ordinance, 2001. The Tribunal examined the appeal filed by the petitioner against the tax assessment made by the Commissioner. The significance of this case lies in its emphasis on the adherence to tax laws and the implications of non-compliance. The decision highlights the Tribunal's role in ensuring that tax regulations are upheld, providing a precedent for similar cases in the future. This case is essential for tax practitioners and businesses to understand the nuances of tax law and the potential consequences of inaccurate reporting. Key terms include tax compliance, income tax assessment, and legal representation in tax matters. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
M/s. Swift Management Services,
The Commissioner, Inland Revenue, Zone-III,RTO-II,Karachi
|
| Judges |
Dr. TAUQEER IRTIZA,
QAZI ANWER KAMAL
|
| Lawyers |
Mr. Muhammad Waleed,
Mr. Masood Alam
|
| Petitioners |
M/s. Swift Management Services
|
| Respondents |
The Commissioner, Inland Revenue, Zone-III,RTO-II,Karachi
|
| Citations |
2023 SLD 6625
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
122(5A
|