LEGAL
The Federal Constitutional Court (FCC) heard petitions challenging the imposition of the super tax on taxpayer companies, with the government’s approach coming under sharp criticism during the proceedings.
The case was heard by a three-member bench headed by Chief Justice Aminuddin Khan. During the hearing, Makhdoom Ali Khan, representing several taxpayer companies, argued that Section 4C of the Income Tax Ordinance does not provide the legal basis to classify the tax, pointing out that the language in the section is unclear and insufficient.
He noted that the government had issued only a notification to continue tax collection, while Sections 4C and 4B had altered the definition of income, preventing companies from including expenses and losses when calculating taxable income.
Makhdoom Ali Khan also cautioned that if the government maintains its current stance on tax collection, it could face electoral consequences in the next elections.
The FCC adjourned the hearing for one day, with further proceedings expected soon.
-
CTD Kills 5 BLA Terrorists in Mastung Operation...
CTD teams eliminate 5 BLA terrorists in Mastung; explosives, weapons & motorcycles recover...
-
Court Rejects Pre-Arrest Bail of PTI Leaders in Mu...
ATC rejects pre-arrest bail of PTI leaders including Omar Ayub, Zartaj Gul, Shibli Faraz &...
-
IHC Grants One-Day Protective Bail to Imaan Mazari...
Islamabad High Court grants one-day protective bail to Imaan Mazari and her husband Hadi C...
-
Inquiry Committee Formed to Probe Fire at Karachi ...
Karachi Port fire destroys 20 containers, mostly lithium batteries. Maritime Ministry form...
-
Punjab CTD Arrests 49 Terrorists, Including Allege...
Punjab CTD arrests 49 terrorists in week-long operations, including alleged RAW agent Mujt...
