The Federal Constitutional Court declared Section 7E of the Income Tax Ordinance unconstitutional and struck it down permanently. The law imposed a one percent income tax on plots and immovable properties. Therefore, the ruling has provided major relief to property owners and taxpayers across Pakistan. A constitutional bench led by Chief Justice Aminuddin Khan issued […]
Income Tax Ordinance
FCC upholds super tax, overturns high court verdicts
The Federal Constitutional Court (FCC) on Tuesday declared the super tax constitutionally valid, setting aside earlier judgements of the high courts and affirming parliament’s exclusive authority to impose taxes under the Constitution. Read More: FCC adjourns hearing of super tax case until today In a landmark ruling, the FCC upheld Sections 4-B and 4-C of the Income […]