LHC declares Super Tax on Rs500m income valid
 

LAHORE: The Lahore High Court on Tuesday dismissed 29 petitions challenging imposition of Super Tax for the rehabilitation of temporarily-displaced persons.
Justice Shahid Karim announced the verdict on petitions filed by the DG Khan Cement Company and others. The court had reserved its verdict after hearing arguments of all parties.The petitioners had submitted that Super Tax was imposed on individuals and companies on income of Rs 500 million under Section 4B of the Income Tax Ordinance 2001. It was inserted by the Finance Act 2015 initially and later extended in Finance Bill 2017. They contended that Super Tax was not a tax and it could not be levied through a money bill by the parliament. They submitted that the levy was in nature of double taxation.

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