COMMISSIONER INLAND REVENUE, ZONE-IV, LAHORE vs PANTHER SPORTS AND RUBBER INDUSTRIES (PVT — 2022 PTD 888 SUPREME-COURT

Case information

Citation: 2022 PTD 888 SUPREME-COURT
Court: Supreme Court of Pakistan
Year: 2022
Reporter: PTD
Parties: COMMISSIONER INLAND REVENUE, ZONE-IV, LAHORE vs PANTHER SPORTS AND RUBBER INDUSTRIES (PVT
Subject matter: Tax & Customs
Provisions referred to: Income Tax 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

COMMISSIONER INLAND REVENUE, ZONE-IV, LAHORE VS PANTHER SPORTS AND RUBBER INDUSTRIES (PVT.) LTD. Ss. 161(1a), 165(2B) & 174(3)---Income Tax Rules, 2002, Rr. 29(4) & 44(4)---Books of account, documents and records to be maintained for a period of six years---Scope of section 174(3) of the Income Tax Ordinance 2001---Taxpayer is obliged to maintain the record under section 174(3) of the Income Tax Ordinance, 2001 for a period of six years and the taxpayer cannot be compelled to produce the record for a tax year beyond the period of six years as stipulated in section 174(3) of the Ordinance---Supreme Court approved the view expressed by the Lahore High Court in the case reported as Maple Leaf Cement Factory Ltd v. Federal Board of Revenue 2016 PTD 2074.

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