| Citation(s) |
|---|
| 2026 SLG 220 2026 SLD 220 = 2025 SHC 2185 |
Sindh High Court
ITRA No.318 of 2019/ITRA No.319 of 2019
Before: Muhammad Junaid Ghaffar & Mohammad Abdur Rahman, JJ
Appellant in ITRA No.318 of 2019 and
Respondent No. 1 in ITRA No.319 of 2019 : Mr. Imran Ahmed Maitlo assisted by Mr. Amanat Ali Sahar, Additional Commissioner Zone V, LTO, Karachi Appellant in ITRA No.319 of 2019 and
Respondent No. 1 in ITRA No.318 of 2019 : Mr. Salman Aslam Butt assisted by Mr. Muhammad Shoaib Rashid Date of hearing : 15 May 2025 and 21 May 2025
ITRA No.318 of 2019/ITRA No.319 of 2019
Before: Muhammad Junaid Ghaffar & Mohammad Abdur Rahman, JJ
Appellant in ITRA No.318 of 2019 and
Respondent No. 1 in ITRA No.319 of 2019 : Mr. Imran Ahmed Maitlo assisted by Mr. Amanat Ali Sahar, Additional Commissioner Zone V, LTO, Karachi Appellant in ITRA No.319 of 2019 and
Respondent No. 1 in ITRA No.318 of 2019 : Mr. Salman Aslam Butt assisted by Mr. Muhammad Shoaib Rashid Date of hearing : 15 May 2025 and 21 May 2025
PEXCON A.S (Formerly Known as M/s MND E& P A.S.)
VS
. Appellate Tribunal Inland Revenue Bench-V & others/Commissioner Inland Revenue, Zone III Vs. M/s. MND E&P A.S
Law: Income Tax Ordinance, 2001
Section: 101(9), 101(10), 101A, 122(1), 129, 133, 152(2)
Case Summary –
Court: High Court of Sindh, Karachi
Case Type: Taxation / Income Tax Dispute
Key Issue: Whether the gain on the sale of shares of a foreign company (MND Exploration and Production Limited) by MND A.S. to Pakistan Petroleum Limited (PPL) is taxable as “Pakistan Source†income under the Income Tax Ordinance, 2001.
Facts: