Supreme Court rules IT penalties on repealed ordinance unlawful
Most outlets led with the Supreme Court's ruling that applying tax penalties from the Income Tax Ordinance 2001 to repealed law assessments is unlawful. The Business Recorder highlighted the specific sections declared unlawful and mentioned the composition of the bench. Dawn emphasized the ruling as resolving a conflict between prior decisions and noted the legal implications of the penalties being retrospective. Both excerpts framed the ruling as a definitive legal settlement on the matter.
How 3 outlets covered this — an automatically generated summary. Each outlet's own headline and excerpt are below.
Same story from 3 outlets
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New Tax Penalties Cannot Be Applied To Old Cases: Supreme Court
The Supreme Court of Pakistan has ruled that penalties imposed under the Income Tax Ordinance 2001 cannot be applied retrospectively… Read More The post New Tax Penalties Cannot Be Applied To Old Cases: Supreme Court appeared first on ProPakistani.
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Retrospective tax penalties are ‘unlawful’: Supreme Court
• Says sanctions under ITO 2001 cannot apply to assessments governed by repealed law • Settles conflict between two previous rulings ISLAMABAD: The Supreme Court on Monday ruled that penalties imposed under the Income Tax Ordinance (ITO) 2001 for assessments completed before June 30, 2002 were illegal and legally unsustainable, emphasising that such penalties could not be applied retrospectivel...
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SC declares applying IT penalties on repealed ordinance unlawful
ISLAMABAD: The Supreme Court has held that the penalties under Sections 182,184 and 186 of the Income Tax Ordinance (ITO), 2001 are unlawful and legally unsustainable. A five-member larger bench, headed by Justice Shahid Waheed, which decided the issue, also held that “the conclusion drawn by a three-member Bench (of SC) in the case of Eli Lilly Pakistan (Pvt.) Ltd depicts correct legal positio...
3 articles from 3 outlets, 11 Aug–11 Aug 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text. What does % identical mean?