COMMISSIONER INLAND REVENUE, ZONE-III, KARACHI versus GENERAL TYRE AND RUBBER CO. OF PAKISTAN LTD., KARACHI
Section 182 (1) and 133 Failure to file a return or statement with reference to the High Court tax with respect to the penalty payable under Section 182 (1), Income Tax Ordinance, 2001, was imposed on the taxpayers with which In addition, the agreement was signed internationally. Because of this, there was no tax payable by taxpayers, therefore, no penalty can be imposed. The Legislature could have imposed any penalty on the person, for any tax year, for failing to provide a return of income or wealth. Within the period allowed under the Income Tax Ordinance, 2001, it was necessary to calculate the amount of such penalty on the basis of the tax payable in respect of this tax year, and there is no reference to tax deduction in the said section. Was. It was on record that since there was no tax payable by the taxpayer with the return, the provisions of section 182 of the Income Tax Ordinance 2001 did not apply to the facts of the case. Yellow made the right decision in favor of taxpayers The reference was deleted
Related judgments — Karachi High Court Sindh, 2013
