Law: Income Tax Ordinance, 2001

Section: 116

Law: Income Support Levy Act, 2013

Section: 2 (1)(a),3,9

Law: Constitution of Pakistan, 1973

Section: 73(1),189

Law: Law Reforms Ordinance, 1972

Section: 3

Per Muhammad Sajid Mehmood Sethi, J and Asim Hafeez, J. agreeing (a) Income Tax Ordinance (XLIX of 2001)----S. 116---Income Support Levy Act, 2013, Ss. 2(1)(a), 3 & 9---Constitution of Pakistan, Arts. 73(1) & 189---Law Reforms Ordinance (XII of 1972), S.3---Intra Court Appeal---Judgment of Supreme Court--Leave to appeal declined---Effect---Income Support Levy---Vires of---Appellants / taxpayers were aggrieved of levy of Income Support Levy at the rate of 0.5% on value of net movable assets / wealth exceeding one million Rupees---Appellants / taxpayers assailed the Levy as ultra vires the Constitution---Judge in Chambers of High Court dismissed petitions filed by appellants / taxpayers---Validity---Supreme Court refused to grant leave to appeal, however, decided the matter on merits by enunciating principles of law---Such decision had the force of precedent and was binding on all subordinate Courts and Tribunals including High Court, in terms of Art. 189 of the Constitution---When Supreme Court deliberately and with intention of settling the law pronounced upon a question, such pronouncement was law declared by Supreme Court within the meaning of Art. 189 of the Constitution and was binding on all Courtsin Pakistan---Division Bench of High Court followed the judgment passed by Supreme Court---Intra Court Appeal was allowed accordingly. Commissioner Inland Revenue Federal Board of Revenue, Karachi v. Muhammad Mustafa Gifi and others (Civil Petitions Nos.490-K to 561-K and others) fol. Yaqoob Ahmed through Attorney and others v. Federation of Pakistan through the Secretary of Law, Ministry of Law and others 2020 PTD 1407; Abdullah v. The State 2001 MLD 1554; Collector of Sales Tax and Federal Excise v. Messrs Wyeth Pakistan Limited 2009 YLR 2096; Commissioner of Income Tax and others v. Mubashar Sheikh, City Towers 2017 PTD 795; Commissioner Income Tax v. Habib Bank Limited and ANZ Grindlays Bank PLC 2015 PTD 619; Hasnain Raza and another v. Lahore High Court, Lahore and others PLD 2022 SC 7 and S. Nasim Ahmed Shah and 115 others v. State Bank of Pakistan through Governor and another 2017 PTD 2029 rel. Per Asim Hafeez, J:- (b) Income Tax Ordinance (XLIX of…

Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492