ISLAMABAD: The Islamabad High Court (IHC) on Friday directed the Appellate Tribunal Inland Revenue (ATIR) to decide the matter submitted by Islamabad Electric Supply Company within 60 days.
A single bench of the IHC comprising Justice Aamer Farooq heard the case filed by IESCO and disposed it of with directions to the ATIR for deciding the matter and restricting the Regional Tax Office (RTO) from recovering Rs 1.152 billion.
IESCO had challenged a RTO DCR, 30/04, issued on January 19, 2015, creating a demand of Rs 1,152,430,535 from the bank accounts of IESCO after exhausting the 180 days stay granted by the ATIR.
Earlier, the appellant had tried what it say the departmental forums for justice and was denied justice. Thereafter, as the appellant stated, it had brought the matter into notice of ATIR. The tribunal had granted the stay but the case was not decided by the ATIR members yet.
The appellant had rushed to IHC in order to preserve its accounts and money which was likely to be recovered/charged by the RTO, appellant submitted before the court.
FBR, ATIR, Inland Revenue-Appeals chief and IR assistant commissioner were made respondent in the case.
