ORDER

This petition presents a solitary question for a grant of leave to appeal against the order issued on the16th of March, 2022, by the Division Bench of the High Court. This order arose from an application lodged by theRevenue under Section 133(1) of the Income Tax Ordinance, 2001 (the Ordinance). The question is whether the transactions conducted by the respondent company, taxpayer, with its associated entity, M/s Saritow Spinning Mills Limited (the Company), qualify as "sales." This question is pivotal, as it may have significant implications for determining tax obligations and classifying transactions under the Ordinance. 2. The taxpayer is a public limited company that is publicly traded on the stock exchange. Its business operations revolve around the manufacturing and selling of yarn, catering to local and international markets. For the tax year 2003, the taxpayer's tax return was selected for an audit in accordance with Section 177 of the Ordinance. The taxation officer ident...