KARACHI: Baker Hughes EHO Limited approached the Sindh High Court (SHC), against show cause notice for attachment of its bank account for recovery of disputed amount issued by Additional Commissioner Inland Revenue Audit Range-B, Zone-IV Large Taxpayers Unit-II.
During the hearing counsel for the petitioner stated that it is registered with Securities and Exchange Commission of Pakistan as a branch of Baker Hughes EHO Ltd (Holdings) incorporated in Bermuda, the principal business activity of the petitioner, is sale, service and rental of oil field equipment within Pakistan.
According to the petitioner, Additional Commissioner Inland Revenue Audit Range-B, Zone-IV, Large Taxpayers Unit-II has issued a show cause notice dated 11/06/2016 alleged that the petitioner’s assessment for tax year 2012 is erroneous insofar as it was prejudicial to the interests of revenue, therefore, petitioner was directed to explain its position.
He further argued that dated 10/03/2017, respondents raised a demand of Rs99,277,218 in respect of tax year 2012 against the petitioner, being aggrieved it approached the commissioner Inland Revenue Appeals and moved an appeal along with stay application, which is pending before disposal, however, in the absence of any stay order, petitioner is completely in the dark as to its appeal and stay application shall be heard and or decided. Counsel said that now respondents issued notice for attachment of petitioner’s bank account for said recovery.
Citing Secretary Revenue Division, Commissioner Inland Revenue Appeals-I, Commissioner Inland Revenue Zone-IV, Large Taxpayers Unit-II, Additional Commissioner Inland Revenue Audit Range-B, Zone-IV, Large Taxpayers Unit-II as respondents petitioner pleaded the court may direct CIR Appeals to decide its appeal within reasonable period and final decision of its appeal, respondents restrain from taking any coercive measures.
