SuperNews 26-2-2026 (Judgements – Budget 2026-27 Relief Expectations – Sindh Infra Cess – Pending Refunds – Trade Organization Rules – USA Sanctions)

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

1.      SHC Order [SSTRA 1559 -23] 25-2-2026 Apportionment of Default Surcharge – Pending since 2023 – Matter under Judicial Scrutiny before SC CP 1221-22 – Dismissed with Rs 1 Lac Cost

2.      ATIR Order [ITA 1074 -19] 18-2-2026 Vs CIR – Liability to pay WHT & Surcharge – Order u-S 161 ITO – RE-Initiated Assessment S 124 – Remand Order – Allowed

3.      ATIR Order [ITAs 104 to 107 -26] 10-2-2026 Non Filing of WHT Statements u-S 165 ITO – Tax paid or no Liability – Penalty u-S 15 ITO held illegal – Min Penalty Allowed

4.      The Sindh Development and Maintenance of Infrastructure Cess (Amendment) Act, 2026

5.      SRB Notification 9 dt 25-2-2026 Jurisdiction

The following topics are included in the given attachment:

6.      PM SHEHBAZ STRESSES NEED FOR REDUCING DIRECT TAXES IN UPCOMING BUDGET TO FACILITATE BUSINESS COMMUNITY

7.      UPCOMING BUDGET TO BE INDUSTRY-FRIENDLY: PM AIDE SAYS TAX RELAXATION, INCENTIVES ARE UNDER CONSIDERATION

8.      OICCI URGES FBR TO CLEAR RS103BN REFUND CLAIMS

9.      PAKISTAN’S INDUSTRIALISTS RAISE CONCERNS OVER PROPOSED AMENDMENTS TO TRADE ORGANIZATION RULES: PROPOSED LEGISLATION HAD SENT SHOCKWAVES THROUGH THE BUSINESS COMMUNITY NATIONWIDE

10.   US ISSUES FRESH SANCTIONS

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