Federal Constitutional Court Issues Notices in FBR Review of Income Support Levy
The newly formed Federal Constitutional Court (FCC) takes up FBR’s review petitions regarding the Income Support Levy Act, 2013, following the 27th Amendment.
ATIR Ruling Reclassifies Banking IT Assets as Plant and Machinery for Tax Benefits
The Appellate Tribunal Inland Revenue has ruled that banking computers and office equipment now qualify as plant and machinery under Section 23 for better tax depreciation.