| Citation(s) |
|---|
| 2026 SLG 147 2026 SLD 147 |
Islamabad High Court
ncome Tax Reference No. 254/2015
Author: Honourable Mr. Justice Babar Sattar AND (SARDAR EJAZ ISHAQ KHAN)
APPLICANT BY: Mr. Osama Shahid, Advocate. RESPONDENT BY: Ch. Naeem ul Haq, Advocate. DATE OF DECISION: 08.10.2025.
ncome Tax Reference No. 254/2015
Author: Honourable Mr. Justice Babar Sattar AND (SARDAR EJAZ ISHAQ KHAN)
APPLICANT BY: Mr. Osama Shahid, Advocate. RESPONDENT BY: Ch. Naeem ul Haq, Advocate. DATE OF DECISION: 08.10.2025.
Commissioner Inland Revenue, Zone-I, Regional Tax Office, Islamabad
VS
. Anushay Usman
Law: Income Tax Ordinance, 2001
Section: 111(4)(a)
SUMMARY,
This judgment by Justice Babar Sattar (along with Justice Sardar Ejaz Ishaq Khan) in Income Tax References No. 223, 254, and 255 of 2015 upholds the Appellate Tribunal Inland Revenue's (ATIR) order dated 05.05.2015 for tax years 2010-2011. The core issue: Whether foreign exchange remitted from UAE by M/s Diallog Broadband FZC (a UAE company) and the respondent's husband—deposited into a foreign currency account in Pakistan without encashment into PKR or a bank certificate—qualifies as a valid investment source under Section 111(4)(a) of the Income Tax Ordinance, 2001 (ITO).