| Citation(s) |
|---|
| 2025 SLG 3178 2025 SLD 3178 = 2025 PLD 364 |
Supreme Court of Pakistan
C.P.L.A. No. 1369-L of 2022, decided on 15th January, 2025. (Against the order dated 16.03.2022 passed by the Lahore High Court, Lahore in P.T.R. No.260 of 2012).
Present: Munib Akhtar, Athar Minallah and Shahid Waheed, JJ
Ahmad Pervaiz, Advocate Supreme Court for Petitioner (via video link from Branch Registry Lahore). Nemo for
Respondent. Date of hearing: 15th January, 2025.
C.P.L.A. No. 1369-L of 2022, decided on 15th January, 2025. (Against the order dated 16.03.2022 passed by the Lahore High Court, Lahore in P.T.R. No.260 of 2012).
Present: Munib Akhtar, Athar Minallah and Shahid Waheed, JJ
Ahmad Pervaiz, Advocate Supreme Court for Petitioner (via video link from Branch Registry Lahore). Nemo for
Respondent. Date of hearing: 15th January, 2025.
COMMISSIONER INLAND REVENUE, LAHORE---Petitioner
VERSUS
Messrs AZAM TEXTILE MILLS LIMITED, LAHORE---Respondent
Law: Income Tax Ordinance, 2001
Section: 112(1), 153(7)(iii), 169, 177
Law: Sale of Goods Act, (III of 1930)
Section: 4
(a) Sale of Goods Act (III of 1930)---
----S. 4---Sale---Connotation---Sale occurs when ownership of goods is transferred to buyer and payment for such goods has been made---Payment must take the form of money, commonly referred to as price of goods---If ownership of goods is exchanged for anything other than money, such transaction cannot be classified as a sale; instead, it would be considered an exchange or barter.
(b) Income Tax Ordinance (XLIX of 2001)---