SuperNews 6-11-2026 (Judgments – SROs – IMF & Tax Reforms – IRIS – ST Invoices Rev Rules – Faceless ST Assessments – FED – PRA – Property Vals – Cus and Vals – Intl Tax-Trade Devs)

The following topics can be found in their own Tax Law posts:

1.      SC Judgment [CAs 1285 to 1288 -21] AFR 6-10-2026 CIR Vs HC Decision (Bushra Aitzaz Ahsan) – Wealth Tax Exemption – Dismissed

2.      SC Order [CPLA 5420 -25] AFR 8-10-2026 Vs CAT – Release of Vehicle on payment of Redemption Fine – Seizure of Goods & Vehicle – Allowed

3.      SHC Judgment [SCRA 11 -26] 4-11-2026 Cus Vs CAT – Redemption of Goods on payment of Fine – Seizure from Passenger Bus – 2026 SCMR 885 – Allowed

4.      LHC Judgment [ITR 28 -26] 7-10-2026 Vs CIR – Dismissal of Appeal – Sec 122 Assessment – Purchase of Property – Sec 111 ITO Interpretation – Definite Info – 1993 SCMR 1232 – 2024 SCMR 700 – Allowed

5.      SHC Order [SCRA 98 -25] 5-11-2026 Sec 8 Adjustment of Input Tax – Subsequent Blacklisting & Suspension of Registration – 2025 SCMR 728 – Allowed

6.      ATIR Order [STA 80 -26] 23-10-2026 Vs CIR – Sec 11E – ST Demand – Supplies of cotton seed oil, oil cake and oil dirt – Diff of ST Rates – FA 2024 – 2020 PTD 614 – 2025 SCMR 1280 – Limitation – Allowed

7.      FTO Order [Comp 16565 -26] 5-11-2026 Claim of Refund on acc of Excess Tax Deductions – Secs 148, 153, 231 – Recovery of Tax Liability – Pending Legal Matters – Directions Issued

8.      FTO Order [Comp 16294 -26] 5-11-2026 ST Refund claim – Unadjusted input tax carried forward – Manual Verification via STARR Channel – Rules 30 & 34 – Directions issued

9.      FTO Order [Comp 16294 -26] 5-11-2026 Tax collection u-S 236A on lease of rights to collect toll tax withheld on contracts – Review Petition Dismissed – Disposal of Refund Claim Directed

10.   FTO Order [Comp Nos 07159, 07166, & 07169 -26] 5-11-2026 Non Processing & Non Issuance of IT Refunds – Matter Sub Judice before SHC – Dismissed

11.   IT SRO 2062 of 2026 Amendments in Chapter XX (Faceless Tax Assessment) of the Income Tax Rules, 2002

12.   IT SRO 2061 of 2206 Valuation of Properties with respect to Islamabad Capital Territory (ICT)

13.   IT SRO 2060 of 2026 Valuation of Properties with respect to Abbottabad

14.   ST SRO 2063 of 2026 Amendments in the Sales Tax Rules – R-160 Accounting for Advance Payments against Supplies

15.   ST SRO 2085 of 2026 Amendments in Chapter VI-AC of Sales Tax Rules, 2006 Rule 44PA Functions and procedure for faceless assessment

16.   ST SRO 2086 of 2026 Amendments in SRO 1829 of 2026

17.   FBR Cir dt 4-11-2026 Procedure for Referral of Cases to the independent Case Scrutiny Committee (Customs)

18.   FBR User Manuals and Implementation of the Sales Tax Electronics Invoices Management System (5-11-2026)

The following topics are included in the given attachment:

19.   IMF URGES PAKISTAN TO WIDEN TAX BASE, ACCELERATE REFORMS

20.   CORPORATE TAX REFORMS, NO COSMETIC CONCESSIONS – BR EDITORIAL

21.   FBR MAKES MAJOR CHANGES IN IRIS SYSTEM

22.   FBR INTRODUCES IRIS FACILITY TO AMEND OR CANCEL SALES TAX INVOICES AFTER 72 HOURS: TAXPAYERS CAN NOW REQUEST CORRECTIONS OR CANCELLATION OF ELIGIBLE ELECTRONIC SALES TAX INVOICES AFTER THE 72-HOUR DEADLINE, SUBJECT TO APPROVAL BY THE COMMISSIONER INLAND REVENUE

23.   SALES TAX INVOICES MANDATORY ON ADVANCE PAYMENTS

24.   FBR NOTIFIES FUNCTIONS AND PROCEDURES FOR FACELESS SALES TAX ASSESSMENT: SRO 2085(I)/2026 INTRODUCES RULE 44P, OUTLINING THE POWERS OF FACELESS ASSESSMENT UNITS, ELECTRONIC HEARINGS AND PROCEDURES FOR REGISTERED TAXPAYERS

25.   PESHAWAR HIGH COURT DECLARES LEVY OF EXCISE DUTY ON HAND-STEMMED TOBACCO ILLEGAL

26.   GOVT PLANS 3-5 YEAR TAX REFORM TO END BOOM-AND-BUST CYCLE: MINISTER OF STATE FOR FINANCE AND REVENUE

27.   FBR’S MASTERCLASS IN POLICY UNCERTAINTY

28.   PRA DECIDES TO SPEED UP REGISTRATION OF NEW BUSINESSES

29.   ICT, ABBOTTABAD RURAL PROPERTIES: FBR REVISES VALUATION MECHANISM

30.   NEW CUSTOMS VALUES ON IMPORT OF TITANIUM DIOXIDE FIXED

31.   PAKISTANI COURT DISCHARGES COMPANY DIRECTOR IN 3 SMUGGLING CASES AFTER SEIZED GOODS WERE AUCTIONED OFF

32.   TMA TEAM, FBR CHIEF DISCUSS ISSUES FACING EXPORTERS

33.   FEDERAL MINISTER FOR PLANNING, DEVELOPMENT AND SPECIAL INITIATIVES FOR ESTABLISHMENT OF ‘AUTONOMOUS’ PTA

34.   GREEK PARLIAMENT APPROVES 10% TAX ON CRYPTOCURRENCY GAINS: CRYPTOCURRENCY CAPITAL GAINS OF UP TO €500 ($563) PER YEAR

35.   CHINA’S STANDING COMMITTEE OF THE NATIONAL PEOPLE’S CONGRESS PASSES CROSS-BORDER CORRUPTION LAW: THE ​LAW IS ​AIMED AT PREVENTING ‌AND ⁠PUNISHING CROSS-BORDER CORRUPTION

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