ISLAMABAD: The Islamabad High Court (IHC) on Friday simply adjourned the hearing of a tax reference filed by M/s Biafo Industries, challenging a recovery claim of Rs783.3 million made by the Large Taxpayers;’ Unit, Islamabad. Justice Aamer Farooq of the IHC heard the matter.
M/s Biafo Industries had named Federal Board of Revenue (FBR), officers of LTU including commissioner Inland Revenue, and others as respondents in the case. The company submitted that the LTU had issued the show cause notice in ignorance of law and the appellant’s submissions were not addressed completely challenging recovery notice of outstanding tax amount.
The company prayed the court to stop the LTU from recovering the said amount and refrain from taking any coercive action against it. The company also submitted that the impugned order was issued under mala fide intentions and had no legal standing or authority and the court may decide on relief which it deemed appropriate in this regard. It also stated that a due legal course was not followed by the department in issuing the order.
M/s Biafo Industries prayed the court to suspend the notice until the decision on an appeal pending before the field office of the board.
