Category Archives: Court Orders

Sindh High Court declares RD imposed through SRO 1035, exercising powers as illegal

KARACHI: Sindh High Court (SHC) in a landmark judgment on Wednesday declared the imposition of regulatory duty as illegal besides also declaring the powers as illegal exercise by minister in-charge and Federal Board of Revenue (FBR) in amending the rates of duty.

Supreme Court takes suo moto notice in illegal foreign assets of Pakistanis

ISLAMABAD: The Supreme Court of Pakistan (SCP) on Thursday took suo moto notice in illegal foreign assets of Pakistanis while expressing displeasure on the performance of state machinery in taking action against names appeared in Panama Papers and Paradise Leaks.

Sindh High Court directs giving priority to tax cases

KARACHI: Sindh High Court (SHC) has issued directives the benches to give priorities in taxation cases. The directives have been issued on the request of Federal Board of Revenue (FBR) to recover amount in litigation cases.

Court declares collection of capital gain tax on disposal of securities as illegal for disputed year

KARACHI: The High Court of Sindh (SHC) has declared collection of capital gain tax by Federal Board of Revenue (FBR) as illegal for the period 2014/2015 due to a lacuna in the law was not addressed.

Supreme Court restrains Bahria Town from undertaking development activity

KARACHI: Supreme Court of Pakistan (SCP) on Monday restrained Bahria Town from undertaking any development activity on 5,786 acres of land in Karachi with immediate effect.

FTO terms maladministration in failure to revisit order passed under Section 122A

KARACHI: Federal Tax Ombudsman (FTO) has termed that failure of tax department in revisiting order passed under Section 122A is tantamount to maladministration.

Tribunal directs FBR to de-freeze OGDCL bank accounts

KARACHI: Appellate Tribunal Inland Revenue (ATIR) has directed Federal Board of Revenue (FBR) to de-freeze bank accounts of Oil and Gas Development Company Limited (OGDCL).

FTO declares delaying refund claims as maladministration; entitle to additional amount

KARACHI: The Federal Tax Ombudsman (FTO) has declared that delaying refund claim process by the tax authorities tantamount to maladministration and entitled to additional amount.