SuperNews 29-5-2026 (Judgments – Notifications – Budget Proposals – Fin Bill Expectations – Windfall Tax – Data on Pending Refunds to IMF – ST Registrations – FMCGs – Cus Vals)

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


1.      SHC Judgment [CP 2261 -26] 25-5-2026 Advance Tax S 147 – Sec 137(2) ITO Demand Notice – S 140 Direct Recovery – 2026 PTD 192 – Allowed

2.      SHC Judgment [CPs 40 & 1417 -22] 22-4-2026 Notices u-Secs 177 ITO Challenged – Omission of Cl 105 P-IV 2nd Sch – TYs 2018 & 2019 – Exemption from TY 2018 to 2020 – 2013 SCMR 314 – Dismissed

3.      SHC Order [ITRA 52 -26] 25-5-2026 Disallowance of Claim of Tax Credit u-S 100C ITO – Trust – Welfare Institution  – Non-Profit Organization – S 2(36)(c) Approval Pending – S 122(5A) Order – Dismissed

4.      SHC Judgment [CPs 2045 20246 -25] 25-5-2026 FIR Quashment – Secs 11 & 37 ST Act Notices – 2025 PTD 1270 – PLD 2023 SC 265 – Dismissed

5.      SHC Order [SCRA 857 -24] 25-5-2026 Misdeclaration of Physical description and Evasion of Duty & Taxes through self-assessment – Jurisdiction Questioned – 2018 SCMR 939 – Dismissed

6.      ATIR Order 25-5-2026 Immediate Disposal and Dispatch of Orders in Stay Matters

7.      SRB Notification 18 dt 25-5-2026 SST on Services of owners or drivers of two-wheeler vehicles using the cab aggregator services

8.      SRB Notification 19 dt 25-5-2026 Amendment in SST Sp Procedure (Services provided or rendered by cab aggregator and the services provided or rendered by the owners or drivers)

9.      Cus Val 2083 of 2026 Calcium Carbide

10.   Cus Val 2084 of 2026 Reverse Osmosis (RO) Membrane and Ultra Filtration (UF) Modules

11.   Cus Val 2085 of 2026 Toys and Toy Parts – Accessories

The following topics are included in the given attachment:

12.   BUDGET MUST FOCUS ON SOLUTIONS BEYOND SHORT-TERM FIXES, NA PANEL TELLS MOF, FBR

13.   FY27 BUDGET MAY OFFER LIMITED RELIEF: ANALYSTS SEE TIGHTER POLICY WITH FOCUS ON REVENUE MOBILISATION, STRUCTURAL ADJUSTMENTS

14.   BUDGET 2026-27: TAX RELIEF ON CARDS FOR THOSE EARNING UP TO RS2.2M/YEAR

15.   GOVT CONSIDERS WINDFALL TAX ON MASSIVE OIL SECTOR PROFITS

16.   IMF SEEKS DETAILED DATA ON PENDING TAX REFUNDS FROM FBR

17.   PSX SEEKS MAJOR TAX CUTS, INVESTOR INCENTIVES IN FY27 BUDGET

18.   PROPERTY DEALS: CUT IN WHT RATES BEING NEGOTIATED WITH IMF, FBR TELLS NA PANEL

19.   ‘FIRST-EVER’ SHADOW BUDGET UNVEILED: ‘ALTERNATIVE FRAMEWORKS’ TO RESHAPE ECONOMIC DIRECTION – FPCCI

20.   BUSINESS LEADERS AND EXPERTS CALL FOR ONE-PAGE IT RETURN FORM

21.   TO GET EXTRA REVENUE: FBR PURPOSELY DECLARING ST REGISTRATIONS AS ‘INACTIVE’: EXPERTS

22.   FAST-MOVING CONSUMER GOODS SECTOR FACES TAX STRAIN

23.   CUSTOMS VALUES ON 13 TYPES OF RO MEMBRANE & UF MODULES REVISED

24.   CALCIUM CARBIDE: NEW CUSTOMS VALUES FIXED

25.   VALUES OF IMPORTED TOYS & TOY PARTS/ACCESSORIES REVISED

26.   SBP DIRECTS BANKS TO FACILITATE TAX PAYMENTS ON MAY 29-30

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