COMMISSIONER INLAND REVENUE ZONE-II, REGINAL 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, which did not resolve or treat any delinquency or misdirection in the law, and, on the contrary, provided for the first time a tax exemption that did not exist in the year 2008. On arrival, the labeling stated that Part I (103B) of the Second Schedule of Income Tax Ordinance 2001, therefore, was misunderstood and had no disappointment. R was not, and therefore it was not an application. Accordingly, the reference to the tax year 2008 was answered
Related judgments — Lahore High Court Lahore, 2014
