Islamabad February 29 2024: Supreme Court of Pakistan set aside stay orders against collection of Super Tax from the companies at revised rates.
“The three Member Bench of the Honourable Supreme Court set aside stay orders granted by the Honourable Islamabad High Court against payment of Super Tax for the Tax Year 2023 at revised rates.” states FBR.
“The Honourable Supreme Court Bench observed that a valid law had been suspended without hearing the FBR or the Government. Legal proceedings for recovery of blocked revenue of all such cases have been initiated by the FBR.” Bureau added.