Details

Case

Educator Copy

Tax Man Cometh (A)

Naim Sipra, Hamid Latif Sharif


INDUSTRY : Construction

AREA : Business Government/International Economy

ORGANIZATION : Construction Firm

LENGTH : 20

LUMS No : 16-081-91-1

PUBLICATION YEAR : 1991

DESCRIPTION

KEYWORDS:

Tax Man,Cometh,Business Government,International Economy,Construction,Income Tax Officer,Taxable Income


DESCRIPTION:

The case provides a vivid example of the discretionary powers of an income tax officer, and depicts the process of appeals necessary in tax disputes. The Managing Director of a construction firm moved into second appeal against a tax assessment order that had levied what he felt was excess tax and penalty for concealment of taxable income. 


LEARNING OBJECTIVES:

1) To provide a vivid example of the discretionary powers of the income tax officer. 2) To provice an introduction to the process of appeals necessary in case of tax disputes.


SUBJECTS COVERED:

Business Government, International Economy