Legal Case Summary

Case Details
Case ID e2a2ed8d-dfcf-4ae8-8432-d7ac363ab264
Body View case body.
Case Number ITA NO. 358/LB/2023
Decision Date Jan 23, 2024
Hearing Date Jan 23, 2024
Decision The decision rendered by the Appellate Tribunal Inland Revenue on January 23, 2024, addressed the appeal of M/s. Shaheen Chemist against the CIR, RTO, Rawalpindi. The Tribunal evaluated the arguments presented by both the appellant and the respondent, focusing on the provisions of the Income Tax Ordinance, 2001, particularly Section 131. The Tribunal's ruling emphasized compliance with tax regulations and the necessity for transparency in financial dealings. The decision included directives aimed at ensuring adherence to tax laws, reflecting the Tribunal's commitment to uphold legal standards in taxation matters.
Summary This case revolves around the appeal filed by M/s. Shaheen Chemist against the Commissioner of Income Tax (CIR), RTO, Rawalpindi. The Appellate Tribunal Inland Revenue in Islamabad convened on January 23, 2024, to hear the case. The primary legal framework governing this case is the Income Tax Ordinance, 2001, especially Section 131, which pertains to tax compliance and obligations. The Tribunal, presided over by MIAN ABDUL BASIT, examined the evidence and arguments put forth by both parties. The appellant, represented by Mr. Atif Waheed Advocate, contended that there were discrepancies in the tax assessments made by the CIR. Conversely, the respondent, represented by Mr. Muhammad Hayat D.R., defended the assessment's validity. The Tribunal's decision highlighted the importance of adhering to tax laws and the implications of non-compliance. This ruling serves as a significant precedent in the realm of tax law, emphasizing the need for businesses to maintain accurate and transparent financial records. The case not only addresses the specific issues raised by M/s. Shaheen Chemist but also reinforces the broader principles of tax accountability and governance. The decision is expected to influence future cases involving tax disputes, as it underscores the legal expectations placed upon taxpayers under the Income Tax Ordinance.
Court Appellate Tribunal Inland Revenue
Entities Involved M/s. Shaheen Chemist, The CIR, RTO, Rawalpindi
Judges MIAN ABDUL BASIT
Lawyers Mr. Atif Waheed Advocate, Mr. Muhammad Hayat D.R.
Petitioners M/s. Shaheen Chemist
Respondents The CIR, RTO, Rawalpindi
Citations 2024 SLD 3372
Other Citations Not available
Laws Involved Income Tax Ordinance, 2001
Sections 131