Tag: taxation

FCC sets aside Income Tax Ordinance section enabling taxation on ‘deemed income’ from assets and property

FCC sets aside Income Tax Ordinance section enabling taxation on ‘deemed income’ from assets and property...

ISLAMABAD: The Federal Constitutional Court (FCC) on Thursday set aside Section 7E of the Income Tax Ordinance (ITO) 2001 as ultra vires the Constitution, which had empowered tax authorities to…

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