ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has disposed of M/s TNB Liberty Power Limited tax matter and reserved a decision on another case during the recent week of December.
Accountant Member Dr Ghulam Mujtaba Bhatti heard the cases filed against offices of the Federal Board of Revenue. The bench had earlier reserved a decision on the tax matter filed by M/s TNB Liberty Power Limited. Account Member Bhatti had reserved the decision on tax matter filed by M/s Klaguardia Logistics.
According to details, M/s TNB Liberty Power Limited had challenged a recovery notice issued to it under the head of outstanding income tax by the LTU, Islamabad.
M/s TNB Liberty Power Limited had submitted the department had issued the demand for the tax year 2015 in head of income tax under provisions of Income Tax Ordinance, 2001.
ATIR also reserved decision on petition challenging a show cause notice issued by filed office of Federal Board of Revenue regarding outstanding taxes.
According to details, M/s Klaguardia Logistics had challenged recovery of issued to it in head of outstanding income tax by the LTU, Islamabad.
M/s Klaguardia Logistics had submitted the department had issued the demand for the tax year 2016 in head of income tax under provisions of Income Tax Ordinance, 2001.
Federal Board of Revenue (FBR), officers of LTU including commissioner Inland Revenue, commissioner Inland Revenue (Appeals) and Appellate Tribunal Inland Revenue (ATIR) were made respondents in the case. The case was remanded back to the tribunal by the IHC couple of months ago. This case is among one of the many remanded back by the IHC and being heard at the tribunal.
