ATIR reserves verdict on case filed by M/s Klaguardia Logistics

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) on Thursday reserved a decision after hearing arguments and submission of record by parties in a case filed by M/s Klaguardia Logistics.

Account Member Dr Ghulam Mujtaba Bhatti heard the case involving the Federal Board of Revenue and M/s Klaguardia Logistics.

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According to details, M/s Klaguardia Logistics had challenged a recovery notice issued to it under the head of outstanding income tax by the LTU, Islamabad.

M/s Klaguardia Logistics had submitted that the department had issued the demand for the tax year 2016 under provisions of the 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 one of the many remanded back by the IHC and being heard at the tribunal.