Tax year---Types---Special tax year---Scope---There are two types of tax years; one is normal tax year while the other is special tax year---Period of both of tax years in terms of S. 74 of Income Tax Ordinance, 2001 is twelve months---Availing special tax year under S.74(3) of Income Tax Ordinance, 2001, is subject to applying in writing to the Commissioner to use a twelve months period other than normal tax years---Such permission is further subject to S. 74(5) of Income Tax Ordinance 2001---Availing any special tax year for payment, tax liability is just to accommodate that category of taxpayers and not for the purpose to evade payment of income tax due in a normal tax year.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Lahore High Court | 2023 | SERVICE GLOBAL FOOTWEAR LIMITED and another Vs FEDERATION OF PAKISTAN and others |
Income Tax Ordinance (XLIX of 2001) S. 74 |
Tax years |