LAHORE: The Lahore High Court (LHC) has stopped the Large Taxpayers Unit (LTU) from taking action against DG Khan Cement until the next date of hearing. The case has been adjourned till January 25, 2017. The LHC also sought a reply from the respondent department till the next date of hearing.
Justice Shahid Karim of the LHC heard the case in which the Barrister Shehryar Kasuri appeared before the court on behalf of the company and argued that the petitioner is a public limited listed company, engaged with the business of manufacturing and supply of cement.
The petitioner is a compliant taxpayer and its audited accounts manifest a true and correct picture of its lawful discharge of due tax liability. He is never been charged with any default or non-compliance to the provisions of tax laws.
Shaheryar Kasuri added that besides all compliance and payment of tax liabilities, the Federal Board of Revenue (FBR) has selected the case of DG Khan Cement for audit. He prayed before the court that the notice issued by the zone-I commissioner of Large Taxpayers Unit (LTU) is contrary and patent violation to the judgement rendered by the honorable court reported as 2016 PTD 2074 and such is illegal and unlawful. He also prayed that court may stop the respondent from proceeding against the petitioner.
After hearing the arguments from the petitioner, the court has banned the commissioner LTU, Federal Board of Revenue (FBR), from taking action against the company till the next date of hearing and also sought a reply in the same case.
