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2006 PTD 470

Mst. SHUGFTA PARVEEN vs FEDERATION OF PAKISTAN through Secretary

Citation2006 PTD 470
CourtLahore High Court
Judge(s)Nasim Sikandar
ResultPetition accepted

1. NASIM SIKANDAR, J.---For the various reasons recorded by me in judgment of even dated passed in Writ Petition No,1803 of 2004 (2006 PTD 402) this petition is also allowed and it is declared that the National Saving Organization as a collecting agent of the Revenue cannot withhold any tax on the profits distributed with reference to rule 9 which cannot take away the concession given by law i,e, the provisions of the Income Tax Ordinance, 1979 as well as 2001. Accordingly, all amounts deducted as withholding tax from the account of the petitioner as investor A shall, at her option either be repaid in cash or wherever the concerned scheme so permits be considered to have been a part of the re-investment made by the depositor/petitioner.

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