ISLAMABAD: The Islamabad High Court (IHC) on Tuesday reserved a decision on a tax matter filed by M/s Werrick Pharmaceutical.
A division bench of the IHC comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kiyani reserved the decision after hearing arguments from sides. This matter was filed by M/s Werrick Pharmaceutical in 2016. During previous hearings, the court had directed parties to submit record of the case.
M/s Werrick Pharmaceutical had challenged a recovery claim made by the Large Taxpayers Unit of the Federal Board of Revenue (FBR), Islamabad. The company had prayed the court that the FBR office had issued the notice which did not hold lawful grounds and be declared as illegal.
The bench had also heard the case during the last week and adjourned the case after hearing brief arguments by the parties.
ATIR, Federal Board of Revenue (FBR), officers of LTU including Commissioner Inland Revenue, and others were made respondents in the tax reference.
