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ATIR

Appeal system becomes dysfunctional: Uncertainty surrounds Rs2.7trn tax litigations: PTBA

KARACHI: The country’s tax appeal system has fallen into “dysfunction” phase six months after major reforms were...

Updated 15 Nov, 2024 09:23am

Business & Finance

Tax Laws (Amendment) Act 2024: Dysfunctional ATIR: PTBA urges Law minister to form oversight body

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has expressed serious concern that Tax Laws (Amendment) Act 2024...

Published 15 Nov, 2024 06:20am

Pakistan

Cases pending before single bench of ATIR: Govt decides to increase value from Rs1m to Rs50m

ISLAMABAD: The federal government has decided to considerably increase value from Rs 1 million to Rs 50 million for...

Published 17 Sep, 2024 06:33am

Section 122 (2) of ITO: ATIR reconciles apparently conflicting provisions

ISLAMABAD: In a landmark judgement, Appellate Tribunal Inland Revenue, Islamabad has reconciled the apparently...

Updated 16 Sep, 2024 03:12pm

Business & Finance

MTBA asks ATIR chairman to transfer urgent cases back to Multan Bench

ISLAMABAD: The Multan Tax Bar Association (MTBA) has formally requested the chairman of the Appellate Tribunal ...

Published 07 Sep, 2024 06:59am

Business & Finance

Fair trials: ATIR’s overwhelming caseload threatening taxpayers’ rights

KARACHI: The Appellate Tribunal Inland Revenue (ATIR) is facing an overwhelming caseload and insufficient resources...

Published 28 Aug, 2024 07:51am

Foreign assets: Lahore ATIR issues order in favour of taxpayer

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Lahore has declared that any undisclosed foreign asset or...

Updated 23 Aug, 2024 09:12am

Business & Finance

Deterioration of ATIR working: PTBA urges law minister to form oversight body

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has asked the Minister for Law and Justice to intervene and form...

Published 13 Aug, 2024 07:02am

‘Adventure in the nature of trade’: Burden of proof for taxing lies with FBR: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has ruled that the burden of proof lies with the Federal Board...

Updated 12 Aug, 2024 09:21am

Business & Finance

Blacklisting, suspension: FBR empowers CC-IR to review orders

ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Chief Commissioners (Inland Revenue) to review the...

Published 07 Aug, 2024 05:38am

ATIR rules: ‘Islamabad taxmen conducted proceedings in unprofessional way’

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has held that Islamabad tax officers have conducted tax...

Updated 05 Aug, 2024 09:06am

Business & Finance

LTO fails to deduct tax on transfer from CWIP to fixed assets

LAHORE: The Lahore Tax Office (LTO) failed to deduct tax on transfer from construction work in progress (CWIP) to...

Published 03 Aug, 2024 06:46am

CTO Islamabad accused of ‘deceiving’ tax system

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad Bench (ATIR) has held that the Corporate Tax Office,...

Updated 29 Jul, 2024 10:01am

Field formations blocking refunds on two primary grounds: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad Bench (ATIR) held that Federal Board of Revenue’s field...

Updated 26 Jul, 2024 09:01am

CTO actions undermine taxation system’s integrity: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad (ATIR) has declared that actions by the Corporate Tax Office...

Updated 25 Jul, 2024 09:56am

Pakistan

Criteria for ATIR members: LHC seeks report from law ministry

ISLAMABAD: Lahore High Court (LHC) has directed Ministry of Law to submit a report on the constitution of benches ...

Published 09 Jul, 2024 07:04am

Sec 132(3) of IT Ord: Willful delay in tax-related cases to cost CTO dearly

ISLAMABAD: The federal government may pay a cost of Rs.400,000 for delaying the tax-related cases pending before...

Updated 07 Jul, 2024 10:10am

Pakistan

Appointment of ATIR members: IHC issues notices to concerned on plea challenging advertisement

ISLAMABAD: The Islamabad High Court (IHC) has issued notices to Secretary Ministry of Law and Justice, Chairman...

Published 03 Jul, 2024 07:35am

Business & Finance

Transfer of appeals to ATIR: December 31, 2024 is the deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has extended time period up to December 31, 2024 for transfer of the...

Published 30 Jun, 2024 02:58am

ATIR members: Appointments must be through open ad, selection process: IHC

ISLAMABAD: Islamabad High Court (IHC) says that Appellate Tribunal Inland Revenue’s members’ appointments shall be...

Updated 20 Jun, 2024 09:39am

Business & Finance

Immovable property between spouses: Commissioner IR fails to charge capital gains tax

LAHORE: The Commissioner Inland Revenue, RTO-lI Lahore, has failed to establish chargeability of capital gain on...

Published 04 Jun, 2024 06:28am

Cabinet approves rules for speedy disposal of tax cases

ISLAMABAD: The federal Cabinet has approved Appellate Tribunal Inland Revenue (Appointments, Terms and Conditions of...

Updated 27 May, 2024 02:07pm

No super tax payable on income falling under FTR: Karachi ATIR

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR), Karachi, has declared that no super tax is payable on...

Updated 23 May, 2024 08:45am

Pakistan

Reserved appeals/applications: ATIR chairman directs judicial members to write judgments

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) chairman has directed judicial members, whose tenure will...

Published 15 May, 2024 05:47am

ATIR rules approved: Special body formed to consult on PECA amendments

ISLAMABAD: The federal cabinet has decided to set up a special committee for consultation on amendments in Pakistan...

Updated 15 May, 2024 08:53am

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...

Updated 08 May, 2024 08:48am

Pakistan

NA passes tax law amendment bill amid ruckus

ISLAMABAD: Amid uproar and walkouts by Pakistan Tehreek-e-Insaf (PTI)-backed Sunni Ittehad Council (SIC) lawmakers,...

Published 30 Apr, 2024 03:43am

Appointment of ATIR members: No procedure prescribed as per rules: IHC

ISLAMABAD: The Islamabad High Court (IHC) observed that no procedure has been prescribed for appointment of members...

Updated 29 Apr, 2024 09:22am

Opinion

Realignment of appellate forums

Introduction A bill under the title the Tax Laws (Amendment) Act, 2024 has been laid down before the National...

Published 28 Apr, 2024 02:56am

Business & Finance

Pending litigation cases: nearly 80% amount with Appellate Tribunal, Collectors/Commissioners (Appeal)

Contrary to what authorities would have you believe, an amount of nearly Rs2.88 trillion remained stuck in the...

Published 25 Apr, 2024 06:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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