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CIR Hyderabad files income tax reference for recovery of Rs20.52m from Al-Karim Builders

byM.B. Rana
05/04/2017
in Karachi, Latest News
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KARACHI: The Commissioner Inland Revenue Zone-III RTO Hyderabad moved the Sindh High Court (SHC) challenging the impugned judgment of the Appellate Tribunal Inland Revenue Karachi regarding the impugned recovery notice of Rs20.1million from Al-Karim Builders & Developers Hyderabad.

Counsel for the applicant stated in his income tax reference application that Deputy Commissioner Inland Revenue Audit Unit-VII passed an order under Section 122(1) of Income Tax Ordinance 2001 and created a demand of Rs20.1million dated 31/03/2015 for tax year 2011.

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According to the applicant, being aggrieved, taxpayer approached the Commissioner Inland Revenue Appeals Hyderabad who granted relief to the taxpayer. Resultantly, customs department challenged the order before the Appellate Tribunal Inland Revenue Karachi who maintained the order of the Commissioner Inland Revenue Appeals Hyderabad without showing any lawful reasons.

Citing Al-Karim Builders & Developers Hyderabad as respondent, applicant pleaded with the court to kindly set aside the order of the appellate tribunal IR and restore its order.

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