| Case ID |
eb5cffdc-8f89-4dfb-85d6-1eed21acd6d3 |
| Body |
View case body. Login to View |
| Case Number |
NEW ITA No. 908/LB/2013 |
| Decision Date |
May 19, 2016 |
| Hearing Date |
Feb 17, 2016 |
| Decision |
The Appellate Tribunal dismissed all three appeals as devoid of merits. The court upheld the decision of the CIR(A) to delete additions made under the heads 'leased assets', 'financial charges', 'advances received from Government of Punjab', 'gratuity', and 'interest income'. The court found the actions of the CIR(A) reasonable and based on solid legal grounds, thus confirming the deletion of these additions and dismissing the departmental appeals. |
| Summary |
This case involves the Appellate Tribunal Inland Revenue's decision regarding appeals filed by the CIR against M/s. Syed Bhais (Pvt.) Ltd. The Tribunal addressed multiple tax years, focusing on the deletion of additions made by tax authorities under various heads, including leased assets and financial charges. The Tribunal emphasized the necessity of due process, particularly the requirement for show cause notices before making additions. The court confirmed the decisions made by the CIR(A) based on established case law, reinforcing principles of fairness and proper legal procedure in tax assessments. The Tribunal's ruling highlights the importance of substantial evidence in tax matters and the need for tax authorities to adhere strictly to legal standards. The case references several precedents to support its findings, ensuring alignment with judicial principles and tax law. This case serves as a significant reference for tax practitioners and businesses regarding the procedural requirements in tax assessments and appeals. Keywords like 'tax law', 'tax appeal', 'CIR', and 'tax assessment' are trending in legal discussions. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Not available
|
| Judges |
MUHAMMAD WASEEM CH.,
MASOOD AKHTAR SHAHEEDI
|
| Lawyers |
Mrs. Shazia Gul, DR,
Mr. Jalal Ahsan, FCA
|
| Petitioners |
The CIR, ZonEA, LTU, Lahore
|
| Respondents |
M/s. Syed Bhais (Pvt.) Ltd., Lahore
|
| Citations |
2016 SLD 1093
|
| Other Citations |
1992 PTD 954 (S.C. Pak),
1969 PTD 607 (S.C. Pak),
1992 PTD 668 (S.C. Pak),
2006 PTD 1085 (S.C. Pak),
2001 PTD 443 (H.C. Lah.),
2013 PTD 1429,
2013 PTD 1083
|
| Laws Involved |
Not available
|
| Sections |
Not available
|