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 adjourns hearing of petition filed by M/s Punjab Oil Mills till 2nd week of December

byNaeem Ullah Tariq
25/11/2016
in Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: A division bench of the Islamabad High Court (IHC) on Thursday adjourned the hearing of a tax reference until the second week of December. The court was hearing a case of ‘tax recovery’ claim submitted by M/s Punjab Oil Mills.

A division bench of the IHC comprising Justice Athar Minallah and Justice Miangul Hassan Aurangzeb heard the case. The bench had held the hearing on the matter for the second time.

You might also like

Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26

19/06/2026

Petrol price cut by Rs74, diesel by Rs67 as PM announces relief package

19/06/2026

M/s Punjab Oil Mills had filed the case challenging an announcement made by the Appellate Tribunal Inland Revenue (ATIR)-through which it had sustained decision announced by the department’s adjudication pertaining to the show cause notice issued to M/s Punjab Oil Mills in head of federal excise duty (FED).

M/s Punjab Oil Mills had filed the reference against ATIR and had challenged it announcement before the court. FBR field office, Large Taxpayers Unit’s officers were also made respondent in the case.

The appellant had submitted that ATIR had maintained decision of LTU adjudication in ignorance of law and the appellant’s submissions were not addressed completely challenging recovery of outstanding tax amount.

ATIR, Federal Board of Revenue (FBR), officers of LTU including commissioner Inland Revenue, and others were made respondent in the case.

The appellant had prayed the court to direct LTU not to recover the said amount and abstain from any coercive action in this regard. M/s Punjab Oil Mills submitted before the court that the impugned order was issued under mala fide intentions and had no legal standing or authority and the court may decide on relief which it deemed appropriate in this regard. It also stated that due legal course was not followed by the department in issuing the order.

The petitioner had prayed the court that issued order by the tax authority may kindly be suspended till the decision of appeal pending before the field office of Federal Board of Revenue (FBR).

Related Stories

Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26

byCT Report
19/06/2026

PESHAWAR: Collectorate of Customs Enforcement realised Rs2.902 billion during the financial year 2025-26 through the disposal of confiscated gold, silver...

Petrol price cut by Rs74, diesel by Rs67 as PM announces relief package

byCT Report
19/06/2026

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Friday announced a major reduction in petroleum prices, saying the benefits of improved...

Pakistan, Iran eye $10b trade thru greater economic engagement

byCT Report
19/06/2026

ISLAMABAD: Pakistan and Iran have renewed their commitment to strengthening economic ties and increasing bilateral trade to $10 billion through...

SBP reserves rise slightly, Pakistan’s total forex holdings reach $22.742b

byCT Report
19/06/2026

KARACHI: Pakistan’s foreign exchange reserves remained broadly stable during the week ended June 12, 2026, with the State Bank of...

Next Post

FTA with Thailand-Turkey to be finalized by Feb 2017: Khurram Dastgir

  • 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.