Deemed Rental Income U/S 7E of the Income Tax Ordinance 2001, is Ultra Vires the Constitution: IHC
The Islamabad High Court has struck down the deemed rental income imposed by section 7E of the Income Tax Ordinance, 2001. The Court has ruled that sub-section 2 of the impugned section is violating the vires of Articles 25 and 23 of the Constitution. Therefore, being ultra vires the Constitution, the said sub-section is struck down and declared void ab initio.
The said section has already been declared ultra vires the Constitution by the Peshawar High Court, Peshawar, as well.
W. P No.213-23
