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COMMISSIONER INLAND REVENUE, ZONE-V, CORPORATE REGIONAL TAX OFFICE, LAHORE vs POWER LINE CONSTRUCTION COMPANY (PVT — 2026 PTD 967 SUPREME-COURT

Case information

Citation
2026 PTD 967 SUPREME-COURT
Court
Supreme Court of Pakistan
Year
2026
Reporter
PTD
Parties
COMMISSIONER INLAND REVENUE, ZONE-V, CORPORATE REGIONAL TAX OFFICE, LAHORE vs POWER LINE CONSTRUCTION COMPANY (PVT
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

COMMISSIONER INLAND REVENUE, ZONE-V, CORPORATE REGIONAL TAX OFFICE, LAHORE VS POWER LINE CONSTRUCTION COMPANY (PVT.) LTD., LAHORE. Income tax---Each tax year is a self-contained fiscal unit governed by the law as it stands in respect of that tax year alone---Principle---What are chargeable to income tax in respect of a business are the profits and gains of a year. For the purpose of computing yearly profits and gains, each year is a separate self-contained period of time, in regard to which profits earned or losses sustained before its commencement are irrelevant.

Other judgments reported in 2026 PTD

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