SC Dismisses FBR Appeals For Recovery Of 30pc Tax On Employees' Bonuses.
ISLAMABAD -- Supreme Court of Pakistan on Monday dismissed the Federal Board of Revenue (FBR) appeals for recovery of 30 percent tax on bonuses received by corporate employees having taxable income of Rs1 million or more for raising funds for the interAnally displaced persons from Swat, Wana and MalAakand division.
A three-member bench of the apex court headed by Chief Justice of Pakistan Justice Umar Ata BanAdial and comprising Justice Qazi Faez Isa and JusAtice Syed Mansoor Ali Shah conducted hearing of the appeals of the FBR and the private individuals against the Sindh High Court judgment.
It was July 22, 2010 when the Sindh High Court (SHC) upheld the levy of...
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