Huzaima Bukhari & Dr. Ikramul HaqIn Karachi one Additional Commissioner in an order passed under section 122(5A) of the Income Tax Ordinance 2001 [hereinafter “the Ordinance”] declared the judgement of honourable Sindh High Court in Honda Shahra-e-Faisal v CIT 2005…
Finance Bill 2025 Failure in dismantling oppressive tax system
Dr. Ikramul Haq “…regressive taxation, one of the great ironies of Pakistan’s tax system, treating exporters more like easy tax targets than growth drivers. The FY2025 budget pushed exporters into the normal tax regime, imposing a 1.25%…