| Case ID |
ffd10f2a-88f1-47e4-acff-808c480ddac8 |
| Body |
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| Case Number |
STA No. 276/IB/2012 |
| Decision Date |
Mar 07, 2013 |
| Hearing Date |
Mar 07, 2013 |
| Decision |
The Tribunal decided to remand the case for reconciliation of accounts and re-adjudication based on the appellant's explanation. The appellant was given an opportunity to explain the differences between the cost of sales reported in the sales tax and income tax returns. The appeal was disposed of accordingly, emphasizing the need for further examination and explanation by the appellant to resolve the discrepancies pointed out by the Assessing Officer. |
| Summary |
In the case of M/s. Team Sun Technology Pakistan (Private) Limited vs. Commissioner Inland Revenue, RTO, Islamabad, the Appellate Tribunal Inland Revenue was tasked with addressing discrepancies in reported sales between sales tax and income tax returns. The case, identified as STA No. 276/IB/2012, was heard on March 7, 2013, and was presided over by MR. IKRAM ACCOUNTANT MEMBER. The appellant, represented by Mr. Saeed Hassan Khan, ITP, challenged the findings and penalties imposed by the Assistant Commissioner Inland Revenue for discrepancies identified during a desk audit. The Tribunal, upon hearing arguments from both parties, including the respondent's counsel, Mr. Naveed Hassan, DR, determined that the appellant should be given an opportunity to reconcile the accounts. The decision emphasized the importance of providing clear explanations and substantiating claims with documentary evidence to resolve tax-related disputes effectively. The case was remanded for further examination and re-adjudication, highlighting key legal principles under the Sales Tax Act, 1990, particularly section 555(1). The Tribunal's decision underscores the need for transparency and thoroughness in tax audits and appeals, ensuring fair treatment and opportunities for taxpayers to address discrepancies. |
| Court |
Appellate Tribunal Inland Revenue
|
| Entities Involved |
M/s. Team sun Technology Pakistan (Private) Limited,
Commissioner Inland Revenue, RTO, Islamabad
|
| Judges |
MR. IKRAM ACCOUNTANT MEMBER
|
| Lawyers |
Mr. Saeed Hassan Khan, ITP,
Mr. Naveed Hassan, DR
|
| Petitioners |
M/s. Team sun Technology Pakistan (Private) Limited
|
| Respondents |
Commissioner Inland Revenue, RTO, Islamabad
|
| Citations |
2013 SLD 378 = 2013 PDS 1673
|
| Other Citations |
Not available
|
| Laws Involved |
Sales Tax Act, 1990
|
| Sections |
555(1)
|