Pakistan, Jan. 28 -- Accepting the authority of Parliament to legislate on imposing taxes, the Federal Constitution Court (FCC) on Tuesday - in a landmark ruling with far-reaching constitutional and fiscal implications - upheld the vires of the super tax.

This means that means Section 4-B and the 4-C of the Income Tax Ordinance (ITO), 2001 will be applicable from the dates these were levied as per the prescribed rates.

A three-member bench, headed by FCC Chief Justice Aminuddin Khan and also including Justice Syed Hasan Azhar Rizvi and Justice Syed Arshad Hussain Shah, announced the much-anticipated short order.

The short order was announced in the afternoon after a brief hearing in the morning, when the FCC reserved its ruling with an...