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SHAHPOSH GARMENTS, GUJRANWALA vs The CIR ZONE-II, RTO, GUJRANWALA S — 2022 PTD 187 INLAND REVENUE APPELLATE TRIBUNAL OF PAKISTAN

Case information

Citation
2022 PTD 187 INLAND REVENUE APPELLATE TRIBUNAL OF PAKISTAN
Year
2022
Reporter
PTD
Parties
SHAHPOSH GARMENTS, GUJRANWALA vs The CIR ZONE-II, RTO, GUJRANWALA S
Provisions referred to
S. 111---U; S. 10; Domestic Assets Ordinance

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

SHAHPOSH GARMENTS, GUJRANWALA VS The CIR ZONE-II, RTO, GUJRANWALA S.111---Unexplained income or assets---Scope---Appellant assailed order passed by department as well as Commissioner (Appeals) whereby the amount of gross sales was held to be its income and was taxed accordingly---Validity---Appellant had rightly availed Amnesty Scheme under the Voluntary Declaration of Domestic Assets Ordinance, 2018, whereunder, its S.10 at its Serial No. 1, had declared Undisclosed Income after deducting all sort of business expenditures permissible under law and had correctly discharged its liability as such, no interference was called for in the declaration---Impugned liability was raised by taxing the total gross sales instead of imposing tax on net profits earned from the business after defraying all such business expenditures incurred thereon as permissible under law, act on the part of Inland Revenue Officer was illegal, unlawful and unfounded particularly when the expenses were duly documented for which books of accounts were maintained as per requisitions of law---Impugned notices and consequent orders were vacated---Appeal was allowed.

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