Filing Tax Returns for Past Years

[Aikkhilari]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by student_of_law</i>If tax payable is zero there is no penalty in viw of the jugdments of Appellate Tribunal reported as 2011 PTD 184, 2010 PTD 1470, 2010 PTD 1394.

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Thanks a lot.

Just to give more details, including the following

<b>2011 PTD (Trib) 184 Appellate Tribunal Inland Revenue</b>
<i>
Sections 182, 114 and 120 of the Income Tax Ordinance 2001
</i>

<b>FACTS OF THE CASE</b>
In this case the tax payers furnished return of income declaring loss for
the tax year which has been accepted as deemed assessment order under
section 120 of the Income Tax Ordinance, 2001.

<b>DECISION</b>
The Learned Tribunal after carefully considering the language of section
182 has held that for imposing penalty for default under section 114 of
the Income Tax Ordinance, 2001, the pre-requisite is the “tax payable”.
Fulfillment of basic ingredient of “tax payable” is a condition precedent
for levy of penalty under section 182 of the Income Tax Ordinance, 2001.

Source http://http//www.karachitaxbar.com/image...202011.pdf