| Case ID |
f5c99831-4ad3-4b67-8c20-99f8c0b9e861 |
| Body |
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| Case Number |
ITA NO. 65/KB-2024 |
| Decision Date |
Feb 26, 2024 |
| Hearing Date |
Jan 30, 2024 |
| Decision |
The Appellate Tribunal Inland Revenue in Karachi delivered its decision on the appeal filed by Mr. Rahil Mazhar against the Commissioner-IR, Zone, AEIO, Karachi. The case revolved around the interpretation and application of Section 120 of the Income Tax Ordinance, 2001. The Tribunal, after considering the arguments presented by both parties, upheld the original decision made by the Commissioner. The Tribunal emphasized the importance of adhering to tax regulations and the necessity for proper documentation in tax matters. The decision serves as a reminder to taxpayers about their obligations under the law, reinforcing the need for compliance to avoid disputes with tax authorities. |
| Summary |
In the case of ITA NO. 65/KB-2024, the Appellate Tribunal Inland Revenue evaluated an appeal concerning the Income Tax Ordinance, 2001, specifically focusing on Section 120. The case was presided over by Judges Aamir Maqsood and Shahid Mehmood Sheikh. The appellant, Mr. Rahil Mazhar, represented by Advocate Salman Pasha, contested the decision made by the Commissioner-IR, Zone, AEIO, Karachi. The Tribunal's ruling highlighted the critical nature of compliance with tax laws and the ramifications of failing to adhere to tax obligations. This decision emphasizes the importance of accurate tax reporting and documentation, urging taxpayers to remain vigilant in their tax dealings. The case underscores the necessity for taxpayers to be well-informed about their rights and responsibilities under the Income Tax Ordinance, which aims to ensure a fair tax system. The ruling is expected to guide future cases involving similar issues, reinforcing the legal standards that govern tax practices in Pakistan. Keywords: Income Tax Ordinance, Appellate Tribunal, tax compliance, legal obligations, tax reporting. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
|
| Judges |
MR. AAMIR MAQSOOD, J.M.,
MR. SHAHID MEHMOOD SHEIKH, A.M.
|
| Lawyers |
Mr. Salman Pasha,
Mr. Imran Ali Sheikh
|
| Petitioners |
Mr. Rahil Mazhar
|
| Respondents |
The Commissioner-IR, Zone, AEIO, Karachi
|
| Citations |
2024 SLD 3381
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
120
|