4614/2022 Const. P. Hakimsons (Impex) (Pvt) Ltd & Ors (Petitioner) V/S Fed. of Pakistan and Others (Respondent)
Sindh High CourtTax Law2022
Bench: Hon'ble Chief Justice Mr. Justice Muhammad Junaid Ghaffar(Author), Hon'ble Mr. Justice Agha Faisal(Author)
4614/2022 Const. P. Hakimsons (Impex) (Pvt) Ltd & Ors (Petitioner) V/S Fed. of Pakistan and Others (Respondent) Sindh High Court
Bench: Hon'ble Chief Justice Mr. Justice Muhammad Junaid Ghaffar(Author), Hon'ble Mr. Justice Agha Faisal(Author) Order Date: 28-OCT-22
Levy of tax on deemed income from capital assets in terms of Section 7E of the Income Tax Ordinance, 2001, is valid; within the competence of the Federal Legislature and is not ultra vires to the Constitution.
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