MCB BANK LTD. versus DEPUTY COMMISSIONER INLAND REVENUE
Sections 170 and 171 Constitution of Pakistan, Arts 4, 23, 24 and 199 Constitution, Explanation 170 and 171 of the Income Tax Ordinance, 2001. Scope and objection, delayed repayment, additional payment / compensation for delayed payment. Adjusting the amount of compensation for against the advance tax liability on taxpayer principles, the petitioner taxpayer thwarted the Federal Board of Revenue's adjustment memo, whereby the Department of Income Tax liabilities of the taxpayer's Income Tax Ordinance 2001 Section 170 of the taxpayer seeks to adjust the taxpayer's return against the actual amount. To adjust the liability against the actual amount, instead of adjusting the compensation due to the applicant, adjusting the taxpayer's payment rather than adjusting the amount of compensation received as payment for late payment. The right to claim further compensation for the delay in the P's attempt to advance and deprive means the return of the applicant's money, which means that the applicant is now delayed in paying the compensation amount for the income tax year. Was not entitled to claim further compensation for, the sole purpose of section 171 of the Income Tax Ordinance 2001 Was forced to pay / adjust the refund amount immediately and immediately by making adjustments against the principal amount as a refund, and in the present case the department made an attempt to immediately refund the amount. Escape your obligation to reimburse / adjust and at the same time indemnify indefinitely the amount of compensation which was no longer payable.
Related judgments — Lahore High Court Lahore, 2015
