Definite Information for Amendment of Income Tax Assessment

Mr. Justice Tariq Saleem Sheikh in his judgment has decided the issue regarding definite information for amendment of income tax assessment in P.T.R No. 404 of 2012. 1. This is an application by way of reference under Section 133 of the Income Tax Ordinance, 2001 (the “Ordinance”), against order dated 25-6-2012 passed by the Appellate Read more about Definite Information for Amendment of Income Tax Assessment[…]

Supply of Cylinders by LPG Marketing Company a Taxable Supply

Mr. Justice Tariq Saleem Sheikh in his judgment has decided the issue regarding supply of cylinders by LPG marketing company a taxable supply in Sales Tax Reference No. 33 of 2005. 1. This is an application by way of reference under Section 47 of the Sales Tax Act, 1990 (the “Act”), which is directed against Read more about Supply of Cylinders by LPG Marketing Company a Taxable Supply[…]

Expiry of Initial Limitation and Extension of Time

Mr. Justice Tariq Saleem Sheikh in his judgment has decided the issue regarding expiry of initial limitation and extension of time by the Federal Board of Revenue in S.T.R No. 30 of 2014. 1. This is an application by way of reference under Section 47 of the Sales Tax Act, 1990 (the “Act”), against Order Read more about Expiry of Initial Limitation and Extension of Time[…]

Income Tax Notice after Five Years and Retrospective Legislation

Mr. Justice Tariq Saleem Sheikh in his judgment has decided the issue regarding issuance of income tax notice after five years and retrospective legislation in P.T.R No. 197 of 2010. 1. Through this judgment we intend to decide PTR No.197/2010 and the connected Tax References mentioned in Schedule-A filed by the Petitioner Department under Section Read more about Income Tax Notice after Five Years and Retrospective Legislation[…]

Treatment of Tax Credit for Computation of Depreciation Allowance

Mr. Justice Mian Saqib Nisar in his judgment has decided the issue regarding treatment of tax credit for computation of depreciation allowance in Civil Appeal No. 1590 of 2006 etc. 1. The question before this Court is whether tax credit(s) available under Section 107 of the erstwhile Income Tax Ordinance, 1979 (the Ordinance) were to Read more about Treatment of Tax Credit for Computation of Depreciation Allowance[…]

Applicability of Additional Tax and Penalty on Sales Tax Payment in Installments

Mr. Justice Shahid Jamil Khan and Mr. Justice Muhammad Sajid Mehmood Sethi in their judgment has decided the issue regarding applicability of additional tax and penalty on sales tax payment in installments in Sales Tax Reference No. 07 of 2014. 1. This single order shall decide instant Reference Application under Section 47 of the Sales Tax Read more about Applicability of Additional Tax and Penalty on Sales Tax Payment in Installments[…]

Charging of Advance Income Tax on Electricity Consumption Only

Mr. Justice Muhammad Sajid Mehmood Sethi in his judgment has decided the issue regarding charging of advance income tax on electricity consumption only in Tax Reference No. 27 of 2014. 1. Through instant reference application under Section 133 of the Income Tax Ordinance, 2001 (“Ordinance”), following questions of law, asserted to have arisen out of Read more about Charging of Advance Income Tax on Electricity Consumption Only[…]

Withholding Tax Liability of Natural and Juristic persons

Mr. Justice Shahid Jamil Khan in his judgment has decided the issue regarding withholding tax liability of natural and juristic persons in Petition for Tax Reference No. 497 of 2012. 1. This judgment shall also decide PTR Nos. 498, 499, 500, 501, 502, 503, 504, 505, 506, 507, 508 and 509 of 2012, as all Read more about Withholding Tax Liability of Natural and Juristic persons[…]

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[…]

Further Tax on Sale of Sugar to Unregistered Persons

Mr. Justice Shahid Jamil Khan in his judgment has decided the issue regarding further tax on sale of sugar to unregistered persons in Sales Tax Reference No. 5 of 2005. 1. This judgment shall decide captioned, as well as, connected Tax References, which are arising out of consolidated judgment dated 27.06.2005 passed by erstwhile Customs, Read more about Further Tax on Sale of Sugar to Unregistered Persons[…]