KARACHI: The Commissioner Inland Revenue, Zone-III Corporate Regional Tax Office has moved the Sindh High Court (SHC) and filed an income tax reference against the order of the Commissioner Inland Revenue Appeals-II over recovery of duty and taxes from M/s Maymor Housing Services (Private) Limited.
In the income tax reference, the counsel for the applicant stated that during the course of audit proceedings various correspondence were made with the taxpayer for furnishing details, documents, bank statements and books of accounts for verification of various risk areas involved in this case and tax affairs of the taxpayer.
He informed the court that after examining the same, a show cause notice under section 122 (9) of the Income Tax Ordinance, 2001 dated 21/07/2010 was issued to the taxpayer creating demand of Rs238,217, 065 on amended taxable income of Rs619,544,766-besides, levied penalty under section 182 (1) of Income Tax Ordinance 2001 at Rs11, 910, 853.
According to the applicant being aggrieved above mentioned taxpayer filed an appeal before commissioner Inland Revenue Appeals-II Karachi which allowed partial relief to the taxpayer and confirmed some additions in favour of Customs Department. Taxpayer again filed an appeal before Appellate Tribunal Inland Revenue which decided the appeal of the taxpayer against the department and also dismissed the department appeal.
Citing M/s Maymor Housing Services (Private) Limited as the respondent, the applicant pleaded the court to set aside the impugned order of the Appellate Tribunal Inland Revenue and restore its order.
