Presumptive Tax Regime and Entitlement of Exemption under Section 126F

Mr. Justice Shahid Jamil Khan in his judgment has decided the issue regarding Presumptive Tax Regime and entitlement of exemption under Section 126F of Income Tax Ordinance in PTR No. 71 of 2014. 1. Taxpayers, in the tax years 2010, 2011 & 2012, derived income from execution of construction contracts and other civil engineering projects. Read more about Presumptive Tax Regime and Entitlement of Exemption under Section 126F[…]

Exemption of Custom Duty and Sales Tax for On-Highway Trucks

Mr. Justice Faisal Arab in his judgment has decided the issue regarding exemption of Custom Duty and Sales Tax for on-highway trucks in Civil Appeals No. 427 of 2009 etc. 1. The respondent companies of both the connected appeals are cement manufacturing enterprises. The respondent company of Civil Appeal No.427 of 2009 imported sixteen units of Read more about Exemption of Custom Duty and Sales Tax for On-Highway Trucks[…]

Exemption of Customs Duty and Sales Tax on Import of a Moving Part of Plant

Mr. Justice Faisal Arab in his judgment has decided the issue regarding exemption of customs duty and sales tax on import of a moving part of plant in Civil Appeal No. 1291 of 2005. 1. In order to encourage industrialization in certain areas of the country, the Federal Government from time to time has been Read more about Exemption of Customs Duty and Sales Tax on Import of a Moving Part of Plant[…]

Exemption from Collection of Zakat under Zakat & Ushr Ordinance 1980

Mr. Justice Umar Ata Bandial in his judgment has decided the issue regarding exemption from collection of Zakat under Zakat & Ushr Ordinance 1980 from in Civil Appeal No. 39 of 2015. 1. The judgment under appeal dated 28.05.2004 passed by a learned Division Bench of the High Court of Sindh, Karachi allows the Constitutional Read more about Exemption from Collection of Zakat under Zakat & Ushr Ordinance 1980[…]