SuperNews 9-4-2026 (Judgments – IMF Mission on Budget 2026-27 – Petroleum Levy due to Revenue Shortfall – FTO Tax Recovery Instructions – FCCP on Sec 7E Cases – Misc – Imports – Cus Vals)

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

1.      LHC Judgment [ITR 38744 -25] 16-3-2026 SNGPL Vs CIR – TY-2010 – Sec 20 ITO – Cost Equalization Adjustment CEA – SEO – ADRC – 2021 SCMR 27 – Allowed

2.      LHC Judgment [ITR 05 06 -18] 24-3-2026 CIR Vs ATIR – Sugar Sale – Non Compliance of Sec 153 ITO – Unexplained Income – Secs 122(5) & S 111 Order – Rectification of Mistake – 2025 PTD 101 – Allowed

3.      SHC Order [ITRAs 193-194 -25] 8-4-2026 Sec 153(7)(k) ITO – WHT Deduction – Construction Services – SRB Registered – Jurisdiction – Dismissed

4.      IHC Judgment [WPs 1125-1126 -26] 25-3-2026 Sec 4C Super Tax – Notices Challenged – Dismissed

5.      ATIR Order [ITA 407 -26] 8-4-2026 Vs CIR – Sec 4B ITO – Super Tax – Miscomputation – Exempt Income – Limitation – Secs 122(2)&(4) –– Allowed

6.      ATIR Order [ITA 753 -26 MA-1175] 8-4-2026 Vs CIR – Stay against Recovery Notice – S 138 ITO – Allowed

7.      MoC SRO 552 of 2026 Trade Dispute Resolution Rules, 2026

8.      Cus Val 2062 of 2026 Lithium-ION Batteries

9.      Cus Val 2061 of 2026 Lithium-ION Cells (LFP, LiFePO4, Prismatic Cells) 

10.   Cus Val 2060 of 2026 Milk Preparation for Infant Use

The following topics are included in the given attachment:

11.   BUDGET 2026-27: IMF TO DISPATCH MISSION TO PAKISTAN NEXT MONTH

12.   PAKISTAN MAY RAISE PETROLEUM LEVY AS RS610 BILLION FBR SHORTFALL PERSISTS DESPITE GLOBAL OIL PRICE DROP

13.   FTO TELLS FBR: NO COERCIVE RECOVERIES TILL PAYMENT OF REFUNDS

14.   FCCP PUBLIC NOTICE: CPLA 1442-K OF 2022 – CASES REGARDING INSERTION OF SEC 7E ITO THROUGH FINANCE ACT 2022

15.   PTCL CHALLENGES RS6.79 BILLION TAX DISPUTES WITH PROVINCIAL AUTHORITIES

16.   BETEL NUT IMPORT: ECC APPROVES SUMMARY FOR AMENDING IMPORT POLICY ORDER

17.   CUSTOMS VALUES FOR LITHIUM-ION BATTERIES REVISED

18.   NEW CUSTOMS VALUES FOR IMPORTED INFANT MILK FIXED

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