| Case ID |
d604dcda-1fde-4949-af99-0ea7d2f35ebb |
| Body |
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| Case Number |
STA NO. 1316/LB/2019 |
| Decision Date |
Aug 18, 2022 |
| Hearing Date |
Aug 04, 2022 |
| Decision |
The decision in this case involved the assessment of tax liabilities against M/s Asad Machinery Store, Gujranwala. The tribunal reviewed the arguments presented by both the appellant and the respondent. After careful consideration of the facts and applicable laws, the tribunal rendered its judgment on the basis of the evidence presented. It was determined that the tax assessments made were consistent with the legal framework governing such matters. The tribunal's decision emphasized the importance of compliance with tax regulations and the responsibilities of businesses in maintaining accurate financial records. The final ruling was issued on August 18, 2022. |
| Summary |
This case pertains to the appeal filed by M/s Asad Machinery Store against the tax assessments made by the CIR, RTO, Gujranwala. The Appellate Tribunal Inland Revenue in Lahore heard the case on August 4, 2022, and issued its decision on August 18, 2022. The tribunal comprised Judicial Member Nasir Muhamud and Accountant Member Anwar Ul Haque. The appellant, represented by Advocate Mr. Abdul Waheed, contended that the assessments were incorrect and did not reflect the actual business transactions. The respondent, represented by Mr. Zahid Mehmood, argued for the validity of the assessments based on existing tax laws. The tribunal's analysis focused on the compliance with tax regulations and the evidentiary support for the claims made by both parties. Ultimately, the tribunal upheld the assessments, reiterating the necessity for businesses to adhere to tax obligations and maintain transparent financial practices. This case underscores the critical nature of tax compliance for businesses and serves as a reference for similar disputes in the future. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
M/s Asad Machinery Store, Gujranwala,
The CIR, RTO, Gujranwala
|
| Judges |
Nasir Muhamud,
Anwar Ul Haque
|
| Lawyers |
Mr. Abdul Waheed,
Mr. Zahid Mehmood
|
| Petitioners |
M/s Asad Machinery Store, Gujranwala
|
| Respondents |
The CIR, RTO, Gujranwala
|
| Citations |
2022 SLD 6415
|
| Other Citations |
Not available
|
| Laws Involved |
Not available
|
| Sections |
Not available
|