pakistan
IHC strikes down super tax on high income businesses
The Islamabad High Court Thursday declared the government’s implementation of super-tax on high-income businesses as illegal.
Justice Sardar Ejaz Ishaq Khan of Islamabad High Court issued the verdict.
The court also declared Section 4C of the Income Tax Ordinance as unconstitutional.
The court accepted the petitions filed by various companies and institutions.
The petitioners, who contested the validity of the super-tax, were represented by prominent legal counsel, including Salman Akram Raja and Adnan Haider Randhawa, among others.