LAHORE: Lahore High Court (LHC) seeks a reply from the Federal Board of Revenue (FBR) in a case of imposition of taxes on the power company of China.
Justice Aisha A Malik heard the appeal filed by the Power China Joint Venture in which counsel for the appellant argued that the Federal Board of Revenue (FBR) is not authorized to impose taxes on the foreign companies which are exempted from taxation. He also prayed the court to kindly declare null and void the tax notice to the foreign company.
After hearing the arguments, the Lahore High Court (LHC) seeks reply from the Federal Board of Revenue (FBR) within two weeks. The case has been adjourned till next date of hearing.
