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HC Section 8B Is Under The Rational Nexus of Act by Tax Indulge is a document available to read on EtoBox.
What is HC Section 8B Is Under The Rational Nexus of Act about?
The Lahore High Court is addressing the constitutionality of Section 8B of the Sales Tax Act, 1990, which limits input tax adjustments to 90% of output tax, causing financial hardship to various business sectors. Petitioners argue that this restriction violates their property rights under Article 23 of the Constitution, while the Federal Board of Revenue defends the law as a means to prevent misdeclaration and ensure proper tax collection. The court
- Author
- Tax Indulge
- Language
- EN