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SERVICE GLOBAL FOOTWEAR LIMITED vs FEDERATION OF PAKISTAN S — 2023 PLD 471 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2023 PLD 471 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2023
Reporter
PLD
Parties
SERVICE GLOBAL FOOTWEAR LIMITED vs FEDERATION OF PAKISTAN S
Subject matter
Tax & Customs
Provisions referred to
S. 74---T; S. 74; 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

SERVICE GLOBAL FOOTWEAR LIMITED VS FEDERATION OF PAKISTAN S. 74---Tax year---Types---Special tax year---Scope---There are two types of tax years; one is normal tax year while the other is special tax year---Period of both of tax years in terms of S. 74 of Income Tax Ordinance, 2001 is twelve months---Availing special tax year under S.74(3) of Income Tax Ordinance, 2001, is subject to applying in writing to the Commissioner to use a twelve months' period other than normal tax years---Such permission is further subject to S. 74(5) of Income Tax Ordinance 2001---Availing any special tax year for payment, tax liability is just to accommodate that category of taxpayers and not for the purpose to evade payment of income tax due in a normal tax year.

Other judgments reported in 2023 PLD

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