ATIR gives landmark ruling on scope of revisional jurisdiction under ITO
ISLAMABAD: In a landmark ruling on the scope of revisional jurisdiction under the Income Tax Ordinance, 2001, the Appellate Tribunal Inland Revenue (ATIR), Special Division Bench, Quetta, has held that Section 122(5A), particularly after its amendment through the Finance Act, 2021, cannot be invoked to conduct an investigation or inquiry into third-party bank credits and determine them as…
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