| Case ID |
f902c706-b78c-47b5-a97f-2dd8f5b1a4c3 |
| Body |
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| Case Number |
ITA NO. 864/LB/2015 |
| Decision Date |
Mar 25, 2024 |
| Hearing Date |
Mar 25, 2024 |
| Decision |
The case was heard on March 25, 2024, at the Appellate Tribunal Inland Revenue in Islamabad. The presiding judge, Sardar M. Ajaz Khan, reviewed the arguments presented by Mr. Zahid Shafiq, representing the appellant, Mr. Muhammad Afzal Malik of Malik Iron & Steel Corporation. The respondent, The CIR of RTO Rawalpindi, was not represented during the hearing. The tribunal deliberated on the points of law as outlined under the Income Tax Ordinance, 2001, specifically focusing on sections 161, 205, 2(68), and 74(1). The judgment emphasized the importance of compliance with tax regulations and the implications of the sections cited. The decision aimed to clarify the legal responsibilities of the appellant in relation to the income tax obligations stipulated in the ordinance. |
| Summary |
This case revolves around the Income Tax Ordinance, 2001, and its application to the appellant, Mr. Muhammad Afzal Malik, representing Malik Iron & Steel Corporation. The core issue addressed is the interpretation of specific sections of the ordinance, particularly sections 161, 205, 2(68), and 74(1). The tribunal, led by Judge Sardar M. Ajaz Khan, highlighted the necessity for taxpayers to adhere strictly to tax laws and the consequences of non-compliance. The absence of representation for the respondent, The CIR, RTO Rawalpindi, raised questions regarding the procedural fairness of the hearing. The decision aims to provide clarity on tax obligations and reinforce the legal framework governing income tax in Pakistan. This case serves as a significant reference point for future interpretations of tax law, emphasizing the importance of legal representation and diligent adherence to tax regulations. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
Malik Iron & Steel Corporation,
RTO Rawalpindi
|
| Judges |
Sardar M. Ajaz Khan
|
| Lawyers |
Mr. Zahid Shafiq
|
| Petitioners |
Mr. Muhammad Afzal Malik
|
| Respondents |
The CIR, RTO, Rawalpindi
|
| Citations |
2024 SLD 3421
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Ordinance, 2001
|
| Sections |
161,
205,
2(68),
74(1)
|