Watermark
Sindh High Court 2012 Income Tax Ordinance (XLIX of 2001)--- Ss. 53, 115(4), 122(5A), 153, 169 & Second Sched., Part-IV, clause (42)--- Constitution of Pakistan, Art. 199

2012 PTD 130

Finality of tax---Issuance of show cause notice---Normal Tax Regime
ENGRO VOPAK TERMINAL LTD. THROUGH MANAGER FINANCE & CORPORATE SERVICE, KARACHI
Appellant
VS
PAKISTAN THROUGH SECRETARY FINANCE, ISLAMABAD AND ANOTHER
Respondent

Case Laws / Head Notes / Paras

---Constitutional petition---Maintainability---Finality of tax---Issuance of show cause notice---Normal Tax Regime---Assessee operated as oil/bulk storage terminal, where oil and other similar types of goods were off-loaded from or on-loaded onto ships calling at port---Taxation Officer issued notice under S.122(5A) of Income Tax Ordinance, 2001, on the ground that income constituting payments received by it from operation of its oil terminal was to be brought to tax under Normal Tax Regime (NTR)---Plea raised by assessee was that payments to which it was entitled as a result of operation of its terminal were within the scope of S.153(1)(c) of Income Tax Ordinance, 2001, and thus tax deducted thereon was the final tax by reason of S.153(3) of Income Tax Ordinance, 2001---Validity---Assesse...