livelawpk.com - Pecuniary Jurisdiction for FE Appeals is 5 Million Rupees

Pecuniary Jurisdiction of Commissioner (Appeal) has been fixed up to 5 Million Rupees by insertion of Section 33A through “Tax Law Amendment Act 2024” --- The Appeal shall lie to ATIR when value of assessment of tax or refund exceed 5 Million Rupees

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Islamabad 08-05-2024: The Section 33A has been inserted in Federal Excise Act 2005 through “Tax Law Amendment Act 2024” which has changed the pecuniary jurisdiction of Federal Excise Appeal. According to new amendment, Subject to other provisions of this Act, an appeal to the Commissioner (Appeals) shall lie where the value of assessment of tax or, as the case may be, refund of tax does not exceed 5 Million rupees. An appeal to the Appellate Tribunal Inland Revenue (ATIR) shall lie where the value of assessment of tax or, as the case may be, refund of tax exceeds 5 Million Rupees.

The cases pending before the Commissioner (Appeals) having the value of assessment of tax or, as the case may be, refund of tax exceeding 5 Million Rupees shall on and from the 16th day of June, 2024 stand transferred to the Appellate Tribunal Inland Revenue. All cases transferred from the Commissioner (Appeals) to the Appellate Tribunal under sub-section (2) shall be decided by the Appellate Tribunal within the period provided for under section 132 of the Income Tax Ordinance, 2001 (XLIX of 2001) which period shall commence from the 16th day of June, 2024.