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Home Islamabad

IHC disposes of four tax matters in third week of May

byNaeem Ullah Tariq
30/05/2016
in Islamabad, Latest News
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ISLAMABAD: The Islamabad High Court (IHC) disposed of four cases during third week of May with directions to the authorities concerned to decide the tax matters within 60 days.

Among these cases, a significant one was filed by Pakistan Telecommunication Employees Trust. The court decided the matter in favor of the appellant as the court barred the Federal Board of Revenue (FBR) from recovering disputed tax liability of Rs 1.97 billion from the Trust. The court also directed the respondent, FBR, to decide the appeal within 60 days.

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Another case of similar nature was also won by M/s Acted Pakistan, an NGO. In this case the appellant moved the court and the single bench of IHC accepted M/s Acted Pakistan plea seeking restrictions for FBR’s Regional Tax Office regarding recovery of outstanding tax amount of Rs 6,737,393.

Moreover, the court also directed the ATIR to decide the appellant’s appeal within 60 days and submit report before the court. The appellant, appellant had challenged the order issued by RTO on March 2, 2016 and recovery claims before the court after rejection of stay applications by the RTO first and later by the ATIR.

M/s Liberty Power Limited’s tax reference also was decided against FBR as the court maintained the same orders in this case too. Here too, the court directed the ATIR to decide appellant’s appeal within 60 days and restricted the LTU from recovering outstanding tax amount of Rs 1,290,133,599.

A similar order was passed by the court in M/s WiTribe Pakistan Limited’s application challenging recovery notice of outstanding tax amount Rs4,371,464. The court disposed the case of filed by M/s WiTribe Pakistan Limited challenging Large Taxpayers’ Unit’s order, dated January 01, 2016. The LTU had issued notice on recovery of said amount stating as recoverable sum amount of Rs1,849,138-in head of income tax- along with default surcharge of Rs 2,522,326.

 

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