---Deduction of tax at source---Word "leviable" and "levied"---Connotations---Word "leviable" was used in subsection (5) of S.50 of the Income Tax Ordinance, 1979 which was later on substituted with "levied" through Finance Act, 1995---Subsequent change in the terminology showed that prior to amendment through Finance Act, 1995 notwithstanding the tax actually levied, the increase in the value of goods so imported was subject to increase for the purposes of collection of tax---After amendment, sales tax or customs duty actually levied was taken for the purposes of increase in the value of goods imported.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Inland Revenue Appellate Tribunal of Pakistan | 2012 | MESSRS NEW LIGHT HOUSE (PVT.) LTD., LAHORE Vs C.I.T., R.T.O., LAHORE |
Income Tax Ordinance (XXXI of 1979)---
----S.50(5)
|
Deduction of tax at source---Word "leviable" and "levied" |