ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has cancelled the hearing of a case submitted by M/s Fauji Fertilizer Company Limited following submission by the counsels involved.
Taking notice of the counsels request, the bench postponed the hearing for the coming week. The bench asked the lawyers to ensure their presence before the bench in coming days for arguments.
ATIR Accountant Member Dr Ghulam Mujtaba Bhatti was hearing the matter. This case was remanded back to the tribunal by the Islamabad High Court (IHC).
M/s Fauji Fertilizer Company Limited had contested show cause notices issued by the field offices of Federal Board of Revenue (FBR).
M/s Fauji Fertilizer Company Limited had challenged recovery of issued to it in head of outstanding income tax by the LTU, Islamabad.
M/s Fauji Fertilizer Company Limited had submitted the department had issued the demand for the tax year 2014 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 respondent in the case.
M/S Fauji Fertilizer Company Limited prayed that the assessment order issued by the LTU officer was illegal, unlawful and without legal grounds.
The appellant had submitted before the court that the impugned order was issued illegally. It also stated that due legal course was not followed by the department in issuing the order.
