{"id":62679,"date":"2020-03-14T10:00:00","date_gmt":"2020-03-14T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62679"},"modified":"2020-03-13T17:35:33","modified_gmt":"2020-03-13T12:35:33","slug":"cantonment-boards-cannot-charge-different-value-tax-immovable-property-transfers-sc","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cantonment-boards-cannot-charge-different-value-tax-immovable-property-transfers-sc.html","title":{"rendered":"Cantonment boards cannot charge different value of tax on immovable property transfers: SC"},"content":{"rendered":"\n<p>Lahore: The Supreme Court (SC) has iterated that the cantonment board can\u2019t charge value of tax on immoveable property transfers different from as determined by federal and provincial governments, a news source reported.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/rates-of-immovable-property-in-karachi-revised.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Rates of immovable property in Karachi revised (opens in a new tab)\">Rates of immovable property in Karachi revised<\/a><\/p>\n\n\n\n<p>The SC bench, headed by Justice Umar Ata Bandial, heard the\nappeals of four cantonment boards. These included boards of Abbottabad, Wah\nCant, Chaklala, and Rawalpindi. The cantonment boards filed an appeal against a\nverdict issued by the Lahore High Court (LHC).<\/p>\n\n\n\n<p>The SC noted that the cantonment board were charging a value of tax on <a href=\"https:\/\/www.zameen.com\/news\/fbr-to-conduct-digital-survey-of-immovable-properties.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"immoveable property (opens in a new tab)\">immoveable property<\/a> transfers different from amount determined by district collector. The court has ordered to timely resolve the anomaly . <\/p>\n\n\n\n<p>As per law, the value of tax for immovable property transfers is calculated according to valuation table issued by the district collector for the immovable properties in the localities. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/na-body-urged-to-resolve-unrealistic-property-valuations.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"NA body urged to resolve issue of unrealistic property valuations in Karachi (opens in a new tab)\">NA body urged to resolve issue of unrealistic property valuations in Karachi<\/a><\/p>\n\n\n\n<p>Meanwhile, the cantonment boards informed the court that a\nSRO issued on December 26, 1973 allowed the board to determine the value of tax\nper their own assessment. They added that this notification allows this\ndetermination as the value notified by the revenue officer didn\u2019t consider the\nmarket value. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Supreme Court (SC) has iterated that the cantonment board can\u2019t charge value of tax on immoveable property transfers different from as determined by federal and provincial governments, a news source reported. Read: Rates of immovable property in Karachi revised The SC bench, headed by Justice Umar Ata Bandial, heard the appeals of four cantonment boards. These included boards of Abbottabad, Wah Cant, Chaklala, and Rawalpindi. The cantonment boards filed an appeal against a verdict issued by the Lahore High Court (LHC). The SC noted that the cantonment board were charging a value of tax on immoveable property transfers different from amount determined by district collector. The court has ordered to timely resolve the anomaly . As per law, the value of tax for immovable property transfers is calculated according to valuation table issued by the district collector for the immovable properties in the localities. Read: NA body urged to resolve issue of unrealistic property valuations in Karachi Meanwhile, the cantonment boards informed the court that a SRO issued on December 26, 1973 allowed the board to determine the value of tax per their own assessment. They added that this notification allows this determination as the value notified by&hellip;<\/p>\n","protected":false},"author":68,"featured_media":60677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[22838],"persona":[],"class_list":{"0":"post-62679","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-cantonment-boards-cannot-charge-different-value-of-tax-on-immovable-property-transfers-sc","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cantonment boards cannot charge different value of tax on immovable property transfers: SC - Zameen News<\/title>\n<meta name=\"description\" content=\"SC has iterated that the cantonment board can\u2019t charge value of tax on immoveable property transfers different from as determined by federal and provincial governments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cantonment-boards-cannot-charge-different-value-tax-immovable-property-transfers-sc.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cantonment boards cannot charge different value of tax on immovable property transfers: SC - Zameen News\" \/>\n<meta property=\"og:description\" content=\"SC has iterated that the cantonment board can\u2019t charge value of tax on immoveable property transfers different from as determined by federal and provincial governments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cantonment-boards-cannot-charge-different-value-tax-immovable-property-transfers-sc.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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