| Case ID |
f7751d85-8ff4-41f1-96fa-e28d89d5368c |
| Body |
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| Case Number |
W.P. No. 805 of 2015 |
| Decision Date |
Sep 19, 2023 |
| Hearing Date |
|
| Decision |
The Islamabad High Court delivered its decision on W.P. No. 805 of 2015 on September 19, 2023. The case involved the Oil and Gas Development Company Limited as the petitioner against the Federal Board of Revenue. The court addressed multiple petitions concerning taxation issues related to the oil and gas sector. The presence of various advocates represented the interests of both petitioners and respondents, showcasing the complexity of legal matters in fiscal policies. The court's ruling is anticipated to influence future tax regulations and compliance for similar entities. The decision reflects the judiciary's role in interpreting laws that govern financial obligations in the energy sector. |
| Summary |
In this case, the Islamabad High Court adjudicated a petition filed by the Oil and Gas Development Company Limited against the Federal Board of Revenue. The court's decision is significant as it addresses crucial issues surrounding tax liabilities in the oil and gas sector. Legal representatives, including advocates and lawyers for the petitioners and the respondents, provided their arguments, highlighting the complexities of tax law. The ruling is expected to set a precedent for future cases involving similar tax issues. Legal professionals and entities in the energy sector are closely monitoring the outcome as it may affect compliance and regulatory frameworks. The case underscores the importance of legal representation in navigating fiscal challenges faced by corporations in the oil and gas industry. As the legal landscape evolves, the implications of this decision will resonate throughout the sector, influencing policy and operational strategies. |
| Court |
Islamabad High Court
|
| Entities Involved |
The Federal Board of Revenue,
Oil and Gas Development Company Limited
|
| Judges |
SAMAN RAFAT IMTIAZ
|
| Lawyers |
M/s Nasim Sikandar,
Nudrat Sultana Alvi,
Mr. Haseeb Shakoor Paracha,
M/s Babar Bilal,
Mr Usama Shahid
|
| Petitioners |
Oil and Gas Development Company Limited
|
| Respondents |
The Federal Board of Revenue
|
| Citations |
2023 SLD 6733
|
| Other Citations |
Not available
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| Laws Involved |
Not available
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| Sections |
Not available
|