SuperNews 31-3-2026 (Budget Reforms under IMF – Tax Collection Target – Tax Free Zones Monitoring – PRA – Cus Vals – HR – WTO)

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

1.      FCCP Short Order [CA 1243 to 1549 2020 & Others] AFR 27-1-2026 – Secs 4B & 4C ITO – Application over E&P and Banking Cos – Retroactive Application for TY 2022 – Held 10pc Reasonable – Disposed

2.      IHC Judgment [ITRs 56 to 58 -13] 26-2-26 CIR Vs Inter City – Sec 153 WHT Obligation prior to Fin Act 2012 – FTR-NTR – Demand u-S 162 ITO – Amendment of Assessment – Dismissed

3.      IHC Judgment [ITRs 52 to 54 -21] 14-1-2026 CIR Vs NRC – Sec 152(5) ITO – WHT Deduction – Offshore Supply Exemption – 2020 PTD 7 – Sec 101(14) Application – Dismissed

4.      IHC Judgment [STR 03 -17] 10-3-2026 CIR Vs Nokia – Limitation (3 Yrs to 5 Yrs) under S 14(1) FED Act prior to Fin Act 2011 – 2022 PTD 1279 – Remanded Back

5.      SHC Order [STRA 351 -20] 30-3-2026 ONO Annulment – Limitation – 108 Tax 67 – Active at time of Supply while blacklisted later – Disallowance of Input Tax – Dismissed with 1 Lac Cost

6.      SHC Judgment [SCRAs 795 to 836 -24] 30-3-2026 Suzuki Vs Cus – Desk Audit – SROs 845, 904 & 1265 of 2021 – Addl CD Exemption – SROs 655-66 of 2006 – CKD Kits Import – Allowed

7.      ATIR Order [ITA 108 -26] 12-3-2026 Textile Mill Vs CIR – Order u-S 182 ITO – Penalty for Late Filing of Quarterly Statement – Remanded Back

The following topics are included in the given attachment:

8.      PAKISTAN PLANS MAJOR BUDGET REFORMS UNDER IMF CONDITIONS

9.      FBR MAY MISS MARCH TAX TARGET

10.   SALES OF GOODS MADE IN TAX-FREE ZONES: SENATE PANEL RAISES ALARM OVER FBR’S WEAK MONITORING

11.   PRA SEALS FARMHOUSE, FINES OUTLETS FOR TAX EVASION

12.   NEW CUSTOMS VALUES ON IMPORTED SOFT DRINKS FIXED

13.   FBR INITIATES DISCIPLINARY PROCEEDINGS AGAINST OFFICERS

14.   WTO MEET ENDS IN FAILURE

15.   DIGITAL TRADE DISPUTE FRACTURES WTO UNITY

16.   RESHAPING THE WTO: BR EDITORIAL

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