Liquidation of appeals before IR, ATIR: Tax Laws Act to be effective from May 6

ISLAMABAD: The government has enforced the Tax Laws (Amendment) Act, 2024 from May 6, 2024, in an attempt to liquidate appeals before Commissioner Inland Revenue (Appeals) and Appellate Tribunal Inland Revenue (ATIR). The Act has amended the Income Tax Ordinance 2001, the Sales Tax Act 1990, and the Federal Excise Act 2005.

Under the amended Sales Tax Act, an appeal to the Commissioner (Appeals) shall lie where the value of assessment of tax or, as the case may be, refund of tax does not exceed Rs10 million.

An appeal to the ATIR shall lie where the value of assessment of tax or, as the case may be, refund of tax exceeds Rs10 million.

President approves Tax Laws Amendment Bill

Through amendment in the Income Tax Ordinance 2001, the pecuniary jurisdiction in appeals revealed that an income tax appeal to the Commissioner (Appeals) shall lie where the value of assessment of tax or, as the case may be, refund of tax does not exceed Rs20 million. An income tax appeal to the ATIR shall lie where the value of assessment of tax or, as the case may be, refund of tax exceeds Rs20 million.

The pecuniary jurisdiction of federal excise appeals revealed that an appeal to the Commissioner (Appeals) shall lie where the value of assessment of tax or, as the case may be, refund of tax does not exceed Rs5 million.

An appeal to the ATIR shall lie where the value of assessment of tax or, as the case may be, refund of tax exceeds Rs5 million, the Act said. Within 30 days of the communication of the order of the appellate tribunal or, as the case may be, Commissioner (Appeals), the aggrieved person or the Commissioner may prefer an application in the prescribed form along with a statement of the case and complete record of the Appellate Tribunal or, as the case may be, Commissioner (Appeals) to the High Court, stating any question of law or a mixed question of law and fact arising out of such order, it added.

Copyright Business Recorder, 2024