COMMISSIONER INLAND REVENUE ZONE-II, REGIONAL TAX OFFICE, MULTAN versus MRS. AMBREEN FAWAD C/O PAK ARAB FERTILIZERS LIMITED, MULTAN
Tax deduction on interest-based profit-based profit on tax payable at the rate based on the Second Schedule Part I, CL (2BB) and Section 5050 source of the Second Schedule of Income Tax Ordinance 2001 (103B). ? Such a waiver of the taxpayer's jurisdiction meant that Part I of the Second Schedule to the Income Tax Ordinance (103B), which was introduced in 2010, was implemented in the tax year 2008. Therefore, the taxpayer was not obliged to tax the payment of dividends in the specified portion of the tax year, the statutory section 5 of the Income Tax Ordinance 2001, the charge section for taxation of profits and the other (103B) of the ordinance. Part I of the Schedule introduced only conditional immunity in the year 2010, with no confusion or misdirection in the law, and, on the contrary, for the first time exempted from taxation. When it came into existence in 2008, the labeling stated that Part I (103B) of the Second Schedule of Income Tax Ordinance 2001, therefore, was misunderstood and had no disappointing effect and therefore had no application. Had not happened The tax year 2008 reference was answered, accordingly
Related judgments — Lahore High Court Lahore, 2014
