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SC adjourns Super Tax case hearing until Friday
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Associated Press Of Pakistan
- Advertisement -ISLAMABAD, Oct 02 (APP):The Supreme Court on Thursday adjourned until Friday the hearing of petitions challenging the super tax after counsel Barrister Farogh Naseem could not complete his arguments.
During proceedings, Justice Jamal Mandokhail asked whether other high courts had ruled on the amendment to Section 99D of the Income Tax Ordinance.
Highlighting the tax burden, Naseem argued that banks currently face 43 percent taxation, which rises to 53 percent when the super tax is added.
Naseem insisted the wording was crucial, while the judges noted that the very term “super tax” implied an additional levy.
Justice Mazhar added that since law treats super tax as a separate tax, it cannot be considered double taxation.