Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Islamabad

IHC adjourns hearing of tax reference filed by M/s Pakistan Oil Field Ltd till November

byNaeem Ullah Tariq
28/10/2016
in Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: Islamabad High Court on Thursday adjourned hearing of a tax reference filed by M/s Pakistan Oil Field Limited.

IHC division bench comprising Justice Shaukat Aziz Siddiqui and Justice Mohsin Akhtar Kayani heard the case and adjourned hearing for November.

You might also like

KP govt to present three-month budget

16/06/2026

Petrol prices in Pakistan likely to decline

16/06/2026

M/s Pakistan Oil Field Limited had filed the case challenging an announcement made by the Appellate Tribunal Inland Revenue (ATIR)-through which it had sustained decision announced by the department’s adjudication pertaining to the show cause notice to M/s Pakistan Oil Field Limited for outstanding tax recovery.

M/s Pakistan Oil Field Limited had filed the reference against ATIR and had challenged it announcement before the court. FBR field office, Large Taxpayers Unit’s officers were also made respondent in the case.

The appellant had submitted that ATIR had maintained decision of LTU adjudication in ignorance of law and the appellant’s submissions were not addressed completely challenging recovery of outstanding tax amount.

ATIR, Federal Board of Revenue (FBR), officers of LTU including Commissioner Inland Revenue, Deputy Commissioner Inland Revenue and Commissioner Inland Revenue (Appeals) were made respondent in the case.

The appellant had prayed the court to direct LTU not to recover the said amount and abstain from any coercive action in this regard.

The petitioner had prayed the court operation of the impugned order issued by the tax authority may kindly be suspended till the decision of appeal pending before the LTU.

M/s Pakistan Oil Field Limited submitted before the court 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 due legal course was not followed by the department in issuing the order.

The appellant had also mentioned that departmental obligations were not met amid processing the notice of recovery demand while later the adjudication did not addressed grievances of the appellant too.

Related Stories

KP govt to present three-month budget

byCT Report
16/06/2026

PESHAWAR: The Khyber Pakhtunkhwa government has decided to present only a three-month budget for the next financial year instead of...

Petrol prices in Pakistan likely to decline

byCT Report
16/06/2026

ISLAMABAD: Following a sharp decline in global crude oil prices, petroleum product prices in Pakistan are expected to decrease in...

Govt eyes more global bond issues, sees budget upside from Iran deal

byCT Report
16/06/2026

ISLAMABAD: Pakistan could improve economic projections for 2027 after the end of the US war on Iran, but it is...

FBR notifies fresh customs values of steel pipes vide VR No68/2026

byCT Report
16/06/2026

KARACHI: The Federal Board of Revenue (FBR) has notified revised customs values for imported carbon steel seamless pipes through Valuation...

Next Post

CDA Chairman forms two committees to resolve issues of traders

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.