Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

SHC seek remarks from tax authorities on bail pleas of suspects in Rs 160m sales tax fraud case

byM.B. Rana
12/08/2016
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court ( SHC ) has given last and final chance to the tax authorities and deputy attorney general on bail applications of suspects, Syed Muhammad Khalid, Muhammad Amin and Imran Ahmed Qureshi, who are allegedly involved in a case of sales tax fraud of Rs 160 million.

A single bench comprising Justice Muhammad Iqbal Kalhoro was hearing the applications.

You might also like

FIA to convert Karachi Cotton Exchange building into city headquarters

29/04/2026

Sea Link Group moves to acquire control of Pakistan International Container Terminal

29/04/2026

During the hearing, neither the special prosecutor nor deputy attorney general were present in the court. The court observed that “on last date of hearing Younus Inayat had held brief on behalf of Mohsin Imam, special prosecutor customs authority and this case was adjourned with the observation that no further adjournment would be granted. In the circumstances, as a last chance this matter is adjourned to 17/08/2016 “.

It needs to be mentioned here that after the cancelation of bail applications by Customs Court Judge Syed Faiz Rasool Rashdi, accused have approached the Sindh High Court (SHC) for bail. Counsel for the applicants / accused submitted that accused persons have falsely implicated in this case.

According to the prosecution, accused persons were doing illegal business of issuing fake / bogus sales tax invoices. FIR no 01/2014 was registered by Directorate of Intelligence & Investigation – Inland Revenue under section 2 ( 37 ) of the Sales Tax Act, 1990.

Related Stories

FIA to convert Karachi Cotton Exchange building into city headquarters

byCT Report
29/04/2026

KARACHI: The Federal Investigation Agency (FIA) is preparing to shift its Karachi operations to the Karachi Cotton Exchange building, which...

Sea Link Group moves to acquire control of Pakistan International Container Terminal

byCT Report
29/04/2026

KARACHI: Sea Link Group Limited, incorporated in the Republic of Seychelles, has announced its intention to acquire at least 83.41%...

PM for faster digitisation of licensing process for investors

byCT Report
29/04/2026

ISLAMABAD: Prime Minister Shehbaz Sharif directed authorities to accelerate the digitization of the licensing process for investors, a statement from...

xr:d:DAFUw169jpg:16,j:2231928652156531663,t:23063008

IMF allows Pakistan to cut captive gas levy by up to 60pc for industries

byCT Report
29/04/2026

KARACHI:  Pakistan has secured conditional approval from the International Monetary Fund (IMF) to revise the formula for calculating the captive...

Next Post

SMEDA to facilitate SMEs to enhance professional skills: Raja Hasnain Javed

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.