Legal Case Summary

Case Details
Case ID d604dcda-1fde-4949-af99-0ea7d2f35ebb
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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