PAKISTAN STOCK EXCHANGE LIMITED vs COMMISSIONER INLAND REVENUE ZONE-VI, KARACHI — 2026 PTD 252 SUPREME-COURT

Case information

Citation: 2026 PTD 252 SUPREME-COURT
Court: Supreme Court of Pakistan
Year: 2026
Reporter: PTD
Parties: PAKISTAN STOCK EXCHANGE LIMITED vs COMMISSIONER INLAND REVENUE ZONE-VI, KARACHI
Subject matter: Tax & Customs
Provisions referred to: Income Tax Ordinance (XLIX of 2001)

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

PAKISTAN STOCK EXCHANGE LIMITED VS COMMISSIONER INLAND REVENUE ZONE-VI, KARACHI. Second Sched. Pt.1, Cl.93---Income Tax Ordinance (XLIX of 2001), Second Sched., Pt.1, Cl.59---Income tax---Exemption---Essential elements / components---The exemption clause can be said to contain three "elements"---The income for which exemption is sought (i) must be from "investments in securities of the Federal Government and house property"; (ii) either the said sources of income or the income itself must be "held under trust or other legal obligations wholly, or in part only, for religious or charitable purposes"; and (iii) the income must be "actually applied or finally set apart for application thereto".

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