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Retrospective tax penalties are ‘unlawful’: Supreme Court

Dawn

BusinessDawn·Aug 11, 2026·1 min read

Retrospective tax penalties are ‘unlawful’: Supreme Court

• Says sanctions under ITO 2001 cannot apply to assessments governed by repealed law • Settles conflict between two previous rulings ISLAMABAD: The Supreme Court on Monday ruled that penalties imposed under the Income Tax Ordinance (ITO)…

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