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MUHAMMAD MUJIB SIDDIQUI versus SECRETARY, REVENUE DIVISION, CENTRAL BOARD OF REVENUE, ISLAMABAD

Section 50 (2A) CBRU UO No 4 (32) TPI / 90 Pete I, Date 28 9 2000 Establishment of Office of Federal Tax Ombudsman Ordinance (XXXV of 2000V), Exception by Section 2 (3). The tax deduction on the Flexibility Deposit Certificate from the Income-Exchanged Foreign Currency Account with the understanding that they were exempt from the withholding tax because they were allowed only the first investment and since The amount was delayed after eight months. The date of inclusion cannot necessarily be excluded from the lost currency of the forex and the profit on such reserves will be subject to the holding tax, including the consequences of omitting the relevant provisions of the Income Tax Ordinance 1979. Wasn't sure. Withholding tax but only expressed concern that the currency may not be deposited in foreign currency accounts. By inspection of income inspection, this specification is specific to the Complainant / Reviewer's case dated 28 th 2000 dated UO No. 4 (32) TP I / 90 Pt I, sought by the National Central Directorate of Security. There was no misunderstanding. Since the matter involved was the same and the decision of the Central Board of Revenue applied to the Complainant / Reviewer Federal Tax Ombudsman case, the taxation officer related to the Central Board of Revenue complained about his claim / issue. To decide. In the light of the Central Board of Revenue's explanation, the date of tax return, deducted under section 50 (2A) of the Income Tax Ordinance, 1979, is 28 28000 and consequently the refund, if any, of the receipt. Will be released within 30 days. Order of Federal Tax Ombudsman Order. r \ n immigration advocates email from Pak Pattan Sharif lawyer