Muneeb Ahmad & Co. Financial , Management and Tax Consultants

13/04/2026

Adjustment of input tax is not allowed in case of:
A) Taxable supplies
B) Business purchases
C) Exempt supplies
D) Imports

13/04/2026

Sary sacmsers he actual me be.

10/04/2026

10/04/2026

*Case Law Update: ATIR Landmark Ruling on Revisional Jurisdiction*

A significant legal precedent was set in the case of a Tax Payer vs. Commissioner Inland Revenue, where the Appellate Tribunal Inland Revenue (ATIR) reinforced the boundaries of tax authority power. The core of the dispute involved the misuse of Section 122(5A), with the Tribunal clarifying that this provision is intended for the amendment of assessments based on existing evidence of error, not as a gateway for inquiries or unauthorized audits. The ruling emphasized that the power to conduct a detailed investigation and call for books of account is strictly reserved for formal audits under Section 177, and attempting to bypass these procedural safeguards under revisional jurisdiction is legally defective.

The Tribunal further struck down additions made under Sections 21(1), 174(2), and 111(1)(b), ruling that tax cannot be imposed based on mere presumptions or suspicions. In this instance, the Taxation Officer had treated bank withdrawals as taxable expenditures and unexplained income without first establishing a factual basis or allowing the taxpayer to provide an explanation, an inquiry process that falls outside the scope of Section 122(5A). By deleting these arbitrary additions, the Tribunal reaffirmed that the burden remains on the department to manifest a clear error resulting in a loss of revenue before initiating such proceedings.

This decision serves as a vital reminder for tax practitioners and corporate leaders that procedural compliance by the authorities is just as mandatory as the taxpayer’s obligations. It protects businesses from overreaching inquiries and ensures that tax assessments are grounded in documented facts rather than speculative assumptions. Understanding these jurisdictional limits is essential for defending a taxpayer's rights and ensuring that the umbrella of self-assessment is not unfairly compromised.

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09/04/2026

We earn to pay taxes.
Born to pay taxes

09/04/2026

The IT-3 form issued by the Federal Board of Revenue in Pakistan, which allows salaried workers to report their tax details to their employers. By submitting this declaration, employees can disclose advance tax payments made on everyday expenses such as mobile phone bills, vehicle taxes, and utility connections. The accompanying guide explains how providing this evidence enables a company’s finance department to adjust salary withholdings in real time. This process helps workers receive their tax credits earlier in the financial year rather than waiting for a standard refund. Ultimately, the records serve as a formal legal declaration of an individual's diverse income sources and tax liabilities.

08/04/2026

Iris fbr is not working , even though state of hurmuz is wide open

07/04/2026

EARTHSET.
April 6, 2026.

Humanity, from the other side. First photo from the far side of the Moon. Captured from Orion as Earth dips beyond the lunar horizon. Photo: NASA

03/04/2026

ان سے کہنا میں چلتے چلتے
قافلے سے بچھڑ گیا ہوں
We reject petrol price hike.

03/04/2026

We will also revise Tax filing fee,
Fee directly related to petrol fee.

02/04/2026

What is the basic formula for calculating net sales tax payable?

A) Output Tax + Input Tax – Further Tax
B) Output Tax – Input Tax + Further Tax + Sales Tax Withheld
C) Output Tax – Input Tax + Further Tax -Sales Tax Withheld Customers + Sales Tax Withheld as agent
D) Input Tax + Output Tax – Withholding Tax

02/04/2026

Tera name hatelei par lik kar me esy chumta rehta hun.