SuperNews 3-6-2026 (Judgments – Budget on 10th under IMF Baseline – Fin Proposals – FTO Ruling u-S 175C ITO – Benami Adjudication – USA Tariff)

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

1.      SHC Judgment [CP 1088 -26] AFR 1-6-2026 Tobacco Co Vs FBR – Raid & Seizure at Premises within Export Processing Zone Authority (EPZA) – Jurisdiction Questioned – 2021 PTD 822 – Allowed

2.      ATIR Order [STA 196 -17] 8-4-2026 CIR Vs Sugar Mill – Admissibility of Input Tax Adjustment – Purchase of Fertilizers & its Subsequent Supply to Agri Growers – 2012 SCMR 862 – Dismissed

3.      ATPRA Judgment [Appeals 211 & 234 -24] 7-5-2026 Services provided by Property Developer – Housing Scheme – Payment of PST on Total Land vs Saleable Area – 2019 SCMR 282 – Partially Allowed

4.      ATPRA Judgment [App 02 -25] 11-5-2026 Non Withholding of PST – Outdoor Advertisement – Payments of TMA, PHA & Cantonments – Municipal Payments – Reimbursements – Petty cash – Allowed

5.      ATIR Cir dt 1-6-2026 Summar Vacations (13th July to 26th July)

The following topics are included in the given attachment:

6.           FEDERAL BUDGET ON 10TH

7.      FISCAL, POLICY INCENTIVES MAY BE INTRODUCED IN FEDERAL BUDGET

8.      BEYOND THE IMF BASELINE: PAKISTAN’S HARD FISCAL CHOICES IN FY27 BUDGET

9.      PM URGED TO SCRAP PROPOSED FIXED TAX ON RETAILERS

10.   FTO RULES TAX RECOVERY UNDER SECTION 175C AS ‘VOLUNTARY TAX DEPOSITS’ WITHOUT DUE PROCESS ILLEGAL: ALLEGED THAT INLAND REVENUE OFFICIALS RECOVERED LARGE AMOUNT UNDER COERCIVE CIRCUMSTANCES WITHOUT LAWFUL ASSESSMENT

11.   GOVERNMENT APPOINTS B.A. NASIR AS CHAIRPERSON OF BENAMI ADJUDICATING AUTHORITY

12.   US PROPOSES NEW TARIFFS ON GOODS FROM 60 ECONOMIES, INCLUDING PAKISTAN, OVER FORCED LABOUR COMPLIANCE FAILURES

13.   US PROPOSES TARIFFS OF 10% OR 12.5% ON GOODS FROM 60 ECONOMIES OVER FORCED LABOR FAILURES

14.   U.S. TARGETS INDIA WITH FORCED LABOUR TARIFF AMID TALKS ON TRADE PACT

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