COMMISSIONER OF WEALTH TAX vs SINDH STEEL CORPORATION (PRIVATE) LIMITED, KARACHI Ss — 2023 PTD 231 KARACHI-HIGH-COURT-SINDH

Case information

Citation: 2023 PTD 231 KARACHI-HIGH-COURT-SINDH
Court: Sindh High Court
Year: 2023
Reporter: PTD
Parties: COMMISSIONER OF WEALTH TAX vs SINDH STEEL CORPORATION (PRIVATE) LIMITED, KARACHI Ss
Subject matter: Tax & Customs
Provisions referred to: S. 14; S. 17; Wealth Tax Act

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 OF WEALTH TAX VS SINDH STEEL CORPORATION (PRIVATE) LIMITED, KARACHI Ss.16(3), 17 & 27---Wealth tax assessment---Jurisdiction---Principle of redundancy---Applicability---Valuation date previous to previous year---Dispute was with regard to non-filing of wealth tax return by assessee for year previous to previous year---Assessing Authority imposed tax and additional which were annulled by Income Tax Appellate Tribunal---Validity---Authorities were not vested with power or authority to issue notice under S.14(2) of Wealth Tax Act, 1963 but was fully empowered by that time, to have issued notice under S. 17 of Wealth Tax Act, 1963, which was not done---Intention of the Legislature was to call for return of networth of a person as on valuation date of previous year, under the provision of S.14(2) of Wealth Tax Act, 1963 and for the year previous to the previous year, under S.17(2) of Wealth Tax Act, 1963---Authorities could not be permitted to issue notice under S.14(2) of Wealth Tax Act, 1963 for previous to the previous year, where wealth was escaped assessment as provision of S.17 of Wealth Tax Act, 1963 would become redundant---Both the provisions of law catered and dealt with two different situations and no redundancy could be attributed to law---High Court declined to interfere in the order passed by Income Tax Appellate Tribunal---Appeal was dismissed, in circumstances.

Other judgments reported in 2023 PTD

2023 PTD 1600 SUPREME-COURTALLIED BANK LIMITED VS The COMMISSIONER OF INCOME TAX, LAHORE Fiscal statute---Literal approach of interpretation---Literal approach is to b…
2023 PTD 1600 SUPREME-COURTALLIED BANK LIMITED VS The COMMISSIONER OF INCOME TAX, LAHORE Ss. 2(13), 122(5a), 210 & 211---amendment of assessments---Commissioner (Inlan…
2023 PTD 1600 SUPREME-COURTALLIED BANK LIMITED VS The COMMISSIONER OF INCOME TAX, LAHORE Maxim "delegatus non potest delegare"---Scope and meaning---Delegation of powe…
2023 PTD 1590 SUPREME-COURTCOMMISSIONER OF INCOME TAX, COMPANIES ZONE, ISLAMABAD VS FAUJI FOUNDATION LIMITED Ss. 22 & 30---'Income from other sources' or 'income from…
2023 PTD 1514 SUPREME-COURTFEDERATION OF PAKISTAN through Secretary Revenue Division/Chairman, Federal Board of Revenue, Islamabad VS SUS MOTORS (PVT.) LTD. S. 81---Im…
2023 PTD 1492 SUPREME-COURTCOMMISSIONER INLAND REVENUE ZONE-IV, LARGE TAXPAYER UNIT, KARACHI VS AL-ABID SILK MILLS LTD., A-39, MANGHOPIR ROAD, SITE, KARACHI Fiscal sta…

Back to the case-law library · Search Pakistani case law in Urdu or English