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Sun News Desk : The Appellate Division of the Supreme Court has upheld the High Court order that No private universities will be paid income tax for now.
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An eight-member HC bench, led by Chief Justice Hasan Foez Siddique, pronounced the judgement today dismissing the review petition.
On June 28, 2007, National Board of Revenue (NBR) issued a gazette notification, imposing the 15 per cent income tax on private universities, to be effective from July 1 that year.
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In another notification, the NBR imposed the same 15 per cent income tax on private universities, medical, engineering colleges and ICT institutes.
After that, different universities filed 46 writs challenging the government decision.
Sun News/MR
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