SuperNews 15-5-2026 (Judgment – Budget Tax Measures – Super Tax Withdrawal – AI Powered Monitoring – Budget Proposals – Customs vs Misdeclaration & Under Invoicing)

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

1.      LHC Judgment [ITR 06 -26] 30-4-2026 Vs ATIR – Sale of Ancestral Property – Capital Gain – Demand u-Sec 4C Super Tax Challenged – 2026 SCMR 141 – 2026 SCMR 373 – Allowed

2.      LHC Judgment [Tax Ref PRA 60530 -23] 13-1-2026 Vs ATPRA – Sec 67A PST Act – SCN – Diff bw PST Returns & Fin Statements – Sales Services & Commission Income – Allowed 

3.      IHC Judgment [WP 930 -25] AFR 14-5-2026 – Condonation u-S 214A ITO – Extended Limitation Sec 177 – 2017 SCMR 1427 – Allowed

4.      LHC Order [ITR 25228 -26] 28-4-2026 CIR Vs ATIR – Sec 4C ITO Super Tax – Powers of Commissioner – Application of Sec 122 – Allowed

The following topics are included in the given attachment:

5.      PM COMMITTEE RECOMMENDS GROWTH-ORIENTED TAX MEASURES IN BUDGET 2026-27

6.      WITHDRAWAL OF SUPER TAX: MINISTER OF STATE FOR FINANCE DOESN’T CONFIRM ANY POSSIBILITY

7.      BUDGET 2026–27 & FISCAL JUSTICE: BR OPINION

8.      FBR TO PROBE CIVIL SERVANTS’ ASSETS THROUGH AI-POWERED MONITORING SYSTEM

9.      ‘EXCESSIVE TAXATION HAS CRIPPLED CONSTRUCTION SECTOR’ – UBG

10.   JEWELERS PROPOSE SPECIAL REGIME FOR INCOME TAX PAYMENT AND RECORD KEEPING

11.   CUSTOMS ENFORCEMENT LAUNCHES CRACKDOWN ON MIS-DECLARATION, UNDER-INVOICING

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