| Case ID |
e980f88a-8b80-42ce-a245-10e7c52c9c77 |
| Body |
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| Case Number |
ITA NO. 481/LB/2016 |
| Decision Date |
Sep 12, 2023 |
| Hearing Date |
Sep 05, 2023 |
| Decision |
The case involved the Commissioner Inland Revenue against M/s. Wahid Industries regarding the application of the Income Tax Ordinance, 2001. The Tribunal deliberated on the merits of the case, focusing on the interpretations of sections 120(1) and 177. The absence of the respondent's representation during the proceedings raised questions about the procedural fairness. The Tribunal emphasized the importance of adherence to tax regulations and the implications of non-compliance. The final ruling was based on the evidentiary submissions presented by the appellant, leading to a resolution that upheld the tax authority's position. |
| Summary |
In the recent case of ITA NO. 481/LB/2016, the Appellate Tribunal Inland Revenue in Lahore addressed a significant tax matter between the Commissioner Inland Revenue and M/s. Wahid Industries. The case, which was heard on September 5, 2023, and decided on September 12, 2023, revolved around the application of the Income Tax Ordinance, 2001, particularly sections 120(1) and 177. The lack of representation from the respondent created a unique scenario, prompting the Tribunal to carefully consider the implications of the absence. The decision underscored the importance of compliance with tax laws, reflecting the ongoing challenges faced by businesses in navigating the complexities of tax regulations. The ruling not only impacts Wahid Industries but also sets a precedent for similar cases in the future. This case highlights the crucial role of legal representation in tax disputes and the necessity for companies to stay informed about their tax obligations to avoid potential penalties. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Commissioner Inland Revenue,
Wahid Industries
|
| Judges |
NASIR MAHMUD
|
| Lawyers |
Mr. Mazhar Ali, D.R.
|
| Petitioners |
The Commissioner Inland Revenue, RTO-II, Lahore
|
| Respondents |
M/s. Wahid Industries, Lahore
|
| Citations |
2024 SLD 3331
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
120(1),
177
|