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 Islamabad

IHC issues notice to RTO on petition filed by M/s Mol Pakistan Oil Gas Company

byNaeem Ullah Tariq
12/08/2016
in Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: A division bench of the Islamabad High Court (IHC) on Thursday issued notice to the Regional Tax Office in a case filed by M/s Mol Pakistan Oil Gas Company.

The division bench comprising Justice Miangul Hassan Aurangzeb and Justice Athar Minallah heard the matter filed by Zslot Imre Kovacs on behalf of his company M/s Mol Pakistan Oil Gas Company.

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

M/s Mol Pakistan Oil gas Company had filed the case against officers of Regional Tax Office, Islamabad. Chief commissioner Inland Revenue, deputy commissioner Inland Revenue and commissioner Inland Revenue Appeals and Appellate Tribunal Inland Revenue were made respondents in the case.

Through the petition, the appellant had complained against RTO officer that he had issued an assessment in July stating that it was illegal and unjust. FBR officer had issued notice stating Rs5,322,636 as outstanding tax amount under the  head of income tax.

RTO had issued the show cause notice to M/s Mol Pakistan Oil Gas Company under section 122 of Income Tax Ordinance, 2001.

M/s Mol Pakistan Oil Gas Company informed the court that its stay application was pending before the ATIR and made a submission before the court it may direct the ATIR to decide the fate of its stay application and direct the FBR to abstain from taking coercive actions aiming at recovering the said amount.

M/s Mol Pakistan Oil Gas Company stated that the assessment order issued by the RTO officer was illegal, unlawful and without legal grounds.

The petitioner had also stated that order was issued with malafide intentions and resultantly coercive measure of recovery of sales tax and federal excise duty were started which must be stopped.

The petitioner had prayed the court operation of the impugned order issued by the RTO may kindly be suspended till the decision of appeal pending before the commissioner appeals.

 

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

Faisalabad ASO seizes smuggled items worth Rs 16.6m during last week of July

  • 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.