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SHC dismisses pleas challenging sections relating to windfall tax

Summary by Business Recorder

ISLAMABAD: The Sindh High Court (SHC) has dismissed the petitions challenging the levy of Section 99D of the Income Tax Ordinance 2001 and the SRO1588(I) of 2023 relating to the imposition of windfall tax. The SHC has issued an order against the petitioners, here on Thursday. According to the SHC’s order, these petitions challenged the vires of Section 99D of the Income Tax Ordinance 2001 and the corollary SRO 1588(I) of 2023 dated 21.11.2023; p…

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Business Recorder

SHC dismisses pleas challenging sections relating to windfall tax

ISLAMABAD: The Sindh High Court (SHC) has dismissed the petitions challenging the levy of Section 99D of the Income Tax Ordinance 2001 and the SRO1588(I) of 2023 relating to the imposition of windfall tax. The SHC has issued an order against the petitioners, here on Thursday. According to the SHC’s order, these petitions challenged the vires of Section 99D of the Income Tax Ordinance 2001 and the corollary SRO 1588(I) of 2023 dated 21.11.2023; p…

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Business Recorder broke the news in 1 day ago on Friday, February 21, 2025.

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