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CRESCENT FIBRES LTD. vs COMMISSIONER INLAND REVENUE LTO, LAHORE Ss — 2024 PTD 277 INLAND REVENUE APPELLATE TRIBUNAL OF PAKISTAN

Case information

Citation
2024 PTD 277 INLAND REVENUE APPELLATE TRIBUNAL OF PAKISTAN
Year
2024
Reporter
PTD
Parties
CRESCENT FIBRES LTD. vs COMMISSIONER INLAND REVENUE LTO, LAHORE Ss
Subject matter
Tax & Customs
Provisions referred to
S. 11; Sales 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

CRESCENT FIBRES LTD. VS COMMISSIONER INLAND REVENUE LTO, LAHORE Ss. 3 & 11---Delay in furnishing Sales tax payments---Penalty under S.11 of the Sales Tax Act, 1990, imposition/recovery of---Scope---Department imposed penalty on the registered person for not depositing sales tax for a period of one and half years---Contention of the appellant (registered person) was that the penalty could not be recovered under S. 11 of the Sales Tax Act, 1990---Validity---Commissioner (Appeals) had rightly turned down the said contention / objection as "sales tax" included "penalty" which could only be assessed and recovered under S. 11 of the Sales Tax Act, 1990---However, Tribunal reduced the penalty to 10% of amount imposed by Authorities below as penalty---Appeal filed by the registered person against imposition of penalty for late payment of sales tax was disposed of accordingly.

Other judgments reported in 2024 PTD

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