Appeals

The SECP Appellate Body rejects the appeals of United Insurance and SPI Insurance – Trendy Blogger

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The SECP Appellate Body rejects the appeals of United Insurance and SPI Insurance – Trendy Blogger

The Appellate Body of the Securities and Exchange Commission of Pakistan (SECP) has dismissed the appeals filed by United Insurance Pakistan Limited and SPI Insurance Limited, which have now been fully merged into United Insurance. The appeals challenged the SEC’s guidance regarding the collection of insurance security and the subsequent penalty for noncompliance. The first … Read more

The Court of Appeals for Internal Revenue prohibits commissioners from filing appeals under the Revised Income Tax Act – Trendy Blogger

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The Court of Appeals for Internal Revenue prohibits commissioners from filing appeals under the Revised Income Tax Act – Trendy Blogger

The Appellate Tribunal of Inland Revenue (ATIR) in Islamabad has ruled that commissioners are no longer eligible to file appeals under the amended Section 131 of the Income Tax Act, 2001. The court clarified that the term “commissioner” does not fall under the definition of “person”. “As defined in Article 2 (42), read with Article … Read more

Aldar confirms the speedy appointment of the head of the Competition Appeals Court – Trendy Blogger

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Aldar confirms the speedy appointment of the head of the Competition Appeals Court – Trendy Blogger

ISLAMABAD: Deputy Prime Minister and Federal Foreign Minister, Senator Ishaq Dar, has assured of the timely appointment of the Chairman of the Competition Appellate Tribunal (CAT) to facilitate effective implementation of the decisions of the Competition Commission of Pakistan (CCP). During his meeting with Chinese Communist Party Chairman Dr. Kabir Sidhu, Senator Dar stressed the … Read more