ISLAMABAD: The Islamabad High Court (IHC) has barred the Federal Board of Revenue (FBR) from recovering outstanding taxes amount of Rs 565.6 million from different companies while disposing of their tax references during the first week of June.
The court had issued these directive during the hearing of cases filed by Egyptian Pakistani Telecommunication Service (Private) Limited, Islamabad Electric Supply Company and M/s KCN Telecommunication Limited.
Egyptian Pakistani Telecommunication Service had challenged the FBR’s notice for the recovery of outstanding amount of Rs 12.4 million which was set a side by the court.
Islamabad Electric Supply Company had also challenged a similar notice with tax liability claims of amount Rs 551 million issued to the company by Regional Tax Office, Islamabad. The court accepted the appellant’s petition and directed the FBR not to recover the amount.
One of such cases was submitted by M/s KCN Telecommunication Limited. The company had challenged Regional Tax Office’s order mentioning Rs 20 million as outstanding recoverable amount from M/s KCN Telecommunication Limited for the tax year 2013. The court also set a side the order and restricted FBR from realizing the recovery.
It is noteworthy that all of these cases were decided by the IHC single bench comprising of Justice Aamer Farooq.
