KARACHI: Investigation officer of commissioner-IR sought further time for submitting charge sheet against M/s Shaheen Air International Ltd for committing tax evasion and their failure to deposit government dues amounting to Rs9,55,050,000 deducted/withheld from the customers and failure to deposit sales tax returns till date.
On May 02, 2019, investigation officer appeared before the court and sought further time and argued that case is under investigation and court may grant him further time to submit charge sheet.
After the hearing, court granted him further time and directed him to make sure filing charge sheet on next date of hearing.
According to the prosecution, a team authorized by commissioner-IR, Karachi was deputed to recover the government dues and every legal course was adopted to get hold of the revenues, however, the department was unable to recover the same and presently the above taxpayer has closed down its operations and the registered office is found closed.
He further submitted that registered persons is non-operational fraudster unit, has jointly committed the tax fraud by escaping from the premises, closed down the operations and fraudulently avoided to pay sales tax and federal excise duty, by committing this tax fraud, they have deprived government exchequer of its legitimate revenue to the tune of Rs7,433,869,356 (out of which Rs955,055,000 is recoverable and no stay has ever been granted by the court of law).
He argued that taxpayer has thus violated the provisions of Sales Tax Act, 1990 & Federal Excise Act, 2005 and FIR is lodged accordingly by Irfan Ahmed, inspector Inland Revenue, further, investigation in respect of directors of the company, owners of declared premises, properties of the company are still in progress.
