COMMISSIONER INLAND REVENUE vs MUHAMMAD OSMAN GUL Ss — 2024 PTD 889 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2024 PTD 889 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2024
Reporter: PTD
Parties: COMMISSIONER INLAND REVENUE vs MUHAMMAD OSMAN GUL Ss
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 VS MUHAMMAD OSMAN GUL Ss. 7E & 37---Capital Value of Assets and Capital Gain---Taxes, nature of---Distinction---Taxes in respect of Ss. 7E & 37 of Income Tax Ordinance, 2001, are distinct and separate and are triggered under different circumstances---There is no duplication in imposition of taxes under Ss. 7E & 37 of Income Tax Ordinance, 2001, and question of double taxation does not apply.

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