Apex court suspends order in tax notices to overseas assets
The apex court of Pakistan has suspended the order of the higher court related to tax notices to Pakistanis for their overseas assets.
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Tag: Sindh High Court
SHC dismisses petition challenging SRB show cause
KARACHI: Sindh High Court (SHC) has dismissed a petition filed by Hum Network Limited for a grant of relief against a show cause issued by the Sindh Revenue Board (SRB). A division bench of the SHC in a case C.P.No.D-3735 of 2016, observed: “We are of the considered view that instant petition is misconceived and […]
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SHC declares income tax on undistributed profits as unconstitutional
KARACHI: Sindh High Court (SHC) on Friday declared levy of tax on undistributed profits under Section 5A of Income Tax Ordinance, 2001 as unconstitutional and set aside all the show cause notices and demand notices issued by the tax authorities under the section. A division bench of the SHC ordered in Sapphire Textile Mills Limited […]
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SHC dismisses petition challenging KE privatization
KARACHI: Sindh High Court (SHC) has dismissed a constitutional petition that has challenged the privatization of K-Electric, the power distribution company. In a note sent to Pakistan Stock Exchange (PSX) on Monday, K-Electric Limited said that the court had dismissed constitutional petition bearing No. D1511-2012 titled as KESX Labour Union and Others vs. Federation of […]
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