| Case ID |
e19ee46a-60ae-4b64-a0f9-f32c5f294e0e |
| Body |
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| Case Number |
MA (R) NO. 166/IB/2024. ITA NO, 734/IB/2024 |
| Decision Date |
Aug 12, 2024 |
| Hearing Date |
Aug 05, 2024 |
| Decision |
The decision of the Appellate Tribunal Inland Revenue in this case revolves around the interpretation and application of Section 221 of the Income Tax Ordinance, 2001. The tribunal evaluated the arguments presented by both the petitioners and the respondents, focusing on compliance with tax regulations and the implications of the ruling on the financial practices of the petitioner group. The tribunal's order emphasizes the importance of adhering to tax laws while ensuring that due process is followed in tax assessments. The decision aims to clarify the responsibilities of taxpayers under the Income Tax Ordinance, thereby reinforcing the legal framework governing tax obligations in Pakistan. This ruling is significant for similar cases where tax assessments and compliance are contested, providing legal precedence for future interpretations of tax law. |
| Summary |
This case involves the M/s. Mian Group of Chakwal appealing against the tax assessments made by the Commissioner-IR, Zone-I, LTO, Islamabad under the Income Tax Ordinance, 2001. The tribunal's decision, rendered by IMRAN LATIF MINHAS, focuses on Section 221, addressing critical issues around tax compliance and legal interpretations that affect taxpayers. The ruling underscores the importance of following tax regulations and sets a precedent for future cases involving tax disputes. It highlights the legal obligations of businesses in Pakistan, ensuring that they are aware of their rights and responsibilities under the law. By establishing clarity in tax matters, the tribunal aims to enhance understanding and compliance among taxpayers, fostering an environment of transparency and accountability in the taxation system. Keywords such as 'Income Tax Ordinance', 'tax compliance', 'legal precedent', and 'tax disputes' are crucial for understanding the implications of this ruling, making it relevant for ongoing discussions in tax law and policy in Pakistan. |
| Court |
Appellate Tribunal Inland Revenue, Division Bench-I
|
| Entities Involved |
Not available
|
| Judges |
IMRAN LATIF MINHAS
|
| Lawyers |
Mirza Saqib Siddique,
Mr. Samiullah
|
| Petitioners |
M/s. Mian Group of Chakwal
|
| Respondents |
The Commissioner-IR, Zone-I, LTO, Islamabad
|
| Citations |
2024 SLD 3677
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
221
|