ISLAMABAD: The Islamabad High Court (IHC) on Monday dated in office the hearing of M/s TNB Liberty Power Limited’s two tax matters till next week to initiate arguments.
Justice Athar Minallah and Justice Miangul Hassan earlier had relisted the cases. The bench dated in office the hearing owing to counsels plea seeking more time to prepare for arguments in case.
Through both the references, M/s TNB Liberty Power Limited had named chief commissioner Inland Revenue, LTU, assistant commissioner Inland Revenue Withholding, LTU, Commissioner Inland Revenue (Appeals), LTU, and Federation of Pakistan through the chairman of Federal Board of Revenue (FBR) as respondents in the case.
Show-cause notices had been issued for the tax year 2014 in head of income tax under sections of Income Tax Ordinance, 2001.
M/s TNB Liberty Power Limited had prayed the court to direct LTU not to recover the said amount and abstain from taking any coercive action in this regard.
The petitioner had prayed the court operation of the impugned notices issued by the tax authority may kindly be suspended till the decisions of appeal pending before the LTU. Two benches of IHC had heard the different tax references filed by M/s TNB Liberty Power Limited.
