The COMMISSIONER INLAND REVENUE ZONE-I, REGIONAL TAX OFFICE, QUETTA vs QUETTA ELECTRIC SUPPLY COMPANY LIMITED, QUETTA "Subsidy" — 2022 PTD 1844 QUETTA-HIGH-COURT-BALOCHISTAN

Case information

Citation: 2022 PTD 1844 QUETTA-HIGH-COURT-BALOCHISTAN
Court: Balochistan High Court
Year: 2022
Reporter: PTD
Parties: The COMMISSIONER INLAND REVENUE ZONE-I, REGIONAL TAX OFFICE, QUETTA vs QUETTA ELECTRIC SUPPLY COMPANY LIMITED, QUETTA "Subsidy"
Subject matter: Criminal

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

The COMMISSIONER INLAND REVENUE ZONE-I, REGIONAL TAX OFFICE, QUETTA VS QUETTA ELECTRIC SUPPLY COMPANY LIMITED, QUETTA "Subsidy"---Object, purpose and scope--- Subsidy is usually provided to a person to give relief from hardship or to support such person in times of economic crisis---Such person may be an individual or an entity e.g. government owned corporation or a limited company---In times of economic crisis government provides bailout packages or subsidies to avoid collapse of such entities---In case of individuals government provides targeted subsidies to provide financial support to people of a certain area, group of income or class of individual involved in specific economic activity---Such subsidies are being provided by government to ordinary consumers as well e.g. subsidies for providing petroleum products, food items etc. at lower than market prices/specified rates.

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