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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

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---Willful default---Penalty, quantum of---Scope---Department imposed penalty on the registered person for not depositing sales tax for a period of one and half years---Validity---Penalty had to be imposed in compliance with the provisions of law and the quantum must be proportionate to the gravity of default committed by the taxpayer---Once the contravention was established, then the penalty had to follow and only the quantum was discretionary---Penalty provisions had been provided in the statute to ensure compliance , which had never been regarded as a tool to generate revenue---Penalties should be levied after consideration of relevant circumstances and discretion to decide the quantum of penalty should be exercised judiciously---Levy of extreme amount of penalty was not justified in the present case, thus, the 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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