| Case ID |
f59080bc-dde4-4caa-b2be-4c9d38f34de7 |
| Body |
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| Case Number |
STA NO. 2333/LB/2022 |
| Decision Date |
Oct 24, 2023 |
| Hearing Date |
Sep 20, 2023 |
| Decision |
The Appellate Tribunal Inland Revenue, Lahore, delivered its ruling on STA NO. 2333/LB/2022 after a thorough examination of the arguments presented by both the appellant, M/s. Maqsood Steel & Re-Rolling Mills, and the respondent, The CIR, LTO, Lahore. The tribunal evaluated the applicability of the Sales Tax Act, 1990, specifically sections 11(2) and 11(4), in the context of the case's particulars. The decision emphasized the importance of compliance with sales tax regulations and the implications of non-compliance. Ultimately, the tribunal's decision aimed to clarify the obligations of the petitioner under the relevant provisions of the law and to ensure adherence to the legal framework governing sales tax assessments. |
| Summary |
In the case STA NO. 2333/LB/2022, the Appellate Tribunal Inland Revenue of Lahore evaluated the appeal filed by M/s. Maqsood Steel & Re-Rolling Mills against the decision made by The CIR, LTO, Lahore. The hearing took place on September 20, 2023, and the order was issued on October 24, 2023. The case primarily dealt with the interpretation and application of the Sales Tax Act, 1990, particularly sections 11(2) and 11(4). The tribunal, represented by CH. Muhammad Tarique, assessed the arguments presented by both parties, focusing on the compliance requirements outlined in the Sales Tax Act. The decision is significant for businesses operating in the steel and re-rolling sector, highlighting the consequences of non-compliance with sales tax regulations. The tribunal's ruling aims to provide clarity on the legal obligations of the petitioners and reinforce the framework of sales tax assessments in Pakistan. This case serves as a precedent for similar disputes, emphasizing the necessity for strict adherence to tax laws and the potential ramifications of deviations. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
M/s. Maqsood Steel & Re-Rolling Mills, Gujranwala,
The CIR, LTO, Lahore
|
| Judges |
CH. Muhammad Tarique
|
| Lawyers |
Mr. Abid Hafeez Abid,
Ms. Rabia Haider Bukhari
|
| Petitioners |
M/s. Maqsood Steel & Re-Rolling Mills, Gujranwala
|
| Respondents |
The CIR, LTO, Lahore
|
| Citations |
2024 SLD 3339
|
| Other Citations |
Not available
|
| Laws Involved |
Sales Tax Act, 1990
|
| Sections |
11(2),
11(4)
|