Appellate Tribunal Inland Revenue
2020
THLN 1004
2020 PTD 63
Laws Cited
Income Tax Ordinance, 2001 | Workers Welfare Fund Ordinance, 1971
Sections
99,122(5A),132,4th Schedule | 2-F

MESSRS PAKISTAN REINSURANCE CO. LTD., KARACHI

VS

THE COMMISSIONER INLAND REVENUE, ZONE-III, LTU, KARACHI

Petitioner(s) by: Atif Mufassir, FCA and Safdar Imam, ACM A
Respondent(s) by: Abdul Salam, D.R.
Present: MUHAMMAD, JAWED ZAKARIA, JUDICIAL MEMBER SYED AYAZ MAHMOOD, ACCOUNTANT MEMBER
THIS ORDER PASSED BY:

MUHAMMAD JAWED ZAKARIA, JUDICIAL MEMBER:--- This appeal arises out of the order No.20, dated 10.10.2015 passed by the learned Commissioner Inland Revenue (Appeals-II), Karachi, for the tax year 2010 passed under section 122(5A) of the Income Tax Ordinance, 2001. The taxpayer/ appellant has agitated the following grounds of appeal: "1. That the order passed of the Commissioner Inland Revenue, Appeals [CIR(A)] is bad in law and on facts. 2. That the order of the CIR(A) is illegal, ultra vires, void and without any justification. 3. That the CIR(A) has erred in confirming the action of ACIR in treating the heads of income as single basket income. It is contended that the action of the CIR(A) is bad in law and on facts. 1. Dividend Income Rs. 307,376,841 2. Property Income Rs. 54,665,226 4. That the CIR(A) has erred in not giving the decision with regards to charging of Workers Welfare Fund at Rs. 10,780,628/-. It is contended that the action of the CIR(A) is bad in law and on facts. 5. Th...