I.   EXECUTIVE SUMMARY

LHC allowed interim relief as to not payment of tax u/s 236C(4)(h) on first sale of immovable property till next hearing property, subject to post-dated cheque for the tax.

II.   DETAILS

A.   Main WP------ of 2025

1.   Facts

Further to KQU 3348 dated -----, being and important matter, we would inform you about --------------------- (Attachment 3130.1) ensuing paragraph, with emphasis ours in bold  for quick reading in  the Details part.

2.   Learned Taxpayers / Appellant Legal Counsel Submissions

2.1   Barrister ------------, ASC submitted that the Petitioner is aggrieved of the demand made by the Respondent No.2/PLRA through website portal (Annex-B) for payment of advance tax under Section 236C(4)(b) of the Income Tax Ordinance, 2001 (the "Ordinance"), which states that it shall not apply to the first time sale/transfer of developed immovable property by the Petitioner to its customers in its real estate project i.e. "EIGHTEEN" situated at -------------. For ready reference Section 236C(4)(b) is reproduced as under in italics:

(4) Sub-section (1) shall not apply to:-

(a)

(b) to the first sale of immovable property which has been acquired or allotted as an original allottee, duly certified by the official allotment authority

2.2   Hence, the impugned action of the Respondent/PLRA is without following proper procedure of law i.e. Ordinance ibid because Section 236C(4)(b) is a clear cut provision which exempts the Petitioner to pay the demanded tax.

2.3   Learned counsel further submitted that ----------------------------------------------

2.4   Learned counsel for the Petitioner argued that ------------------------------------.

3.   LHC Deliberation

3.1    to  3.3 

B.   C.M. No. --- of 2025 – Interim Relief Sought

1.   Learned Taxpayer, Legal Counsel Submissions

1.1   to  1.2 

2.   LHC Deliberation & Interim Relief

2.1  to 2.2

III.   FURTHER DETAILS

Should you require any clarification or explanations in respect of the above or otherwise, or require Income Tax, Federal & Provincial Sales Tax or Withholding Tax Advisory, Statement or Return Filing or Review services, or related accounting matters like the above, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com. Your Goodself may continue to get other services from your current Tax & Legal Advisors.