Law: Finance (Supplementary) Act, 2022

Section: 8(2)

Summary of the Order:

• Petitioner's Challenge: The petitioner challenged the vires (constitutional validity) of Section 8(2) of the Finance Act, 2022, which imposed Capital Value Tax on movable and immovable assets of taxpayers.
• Court's Decision: The same issue was previously decided by the Court in its judgment dated 30.12.2022 in C.P. No. D-4942/2022 and other connected matters, where the petitions were dismissed.
• Assistant Attorney General's Stance: The Assistant Attorney General waived notice as the matter had already been decided by the Court.
• Result: The petition is dismissed for the same reasons outlined in the earlier judgment dated 30.12.2022 in C.P. No. D-4942/2022 and other connected matters.\

ORDER SHEET

Granted.    
2.    Granted subject to all just exceptions.    
3-4.    Through this Petition, the Petitioner has challenged the vires    of
Section 8(2) of the Finance Act, 2022 whereby, Capital Value Tax has been levied on moveable and immovable assets of the tax payers. The said controversy already stands decided by this Court vide Judgment dated 30.12.2022 passed in C. P. No. D-4942/2022 and other connected matters whereby, the Petitions have been dismissed. Learned Assistant Attorney General present in Court waives notice as the matter is already decided.

Accordingly, this Petition is dismissed for the reasons so assigned in the aforesaid Judgment dated 30.12.2022 passed in C. P. No. D- 4942/2022 and other connected matters.