ISLAMABAD: A single bench of the Islamabad High Court (IHC) has decided the tax matter filed by M/s Crown Enterprises and barred the Federal Board of Revenue (FBR) from recovering outstanding tax amount of Rs 526,952 from the company.
The court also directed the Regional Tax Office, Islamabad, to decide M/s Crown Enterprises’ stay application within 60 days and to submit a report.
IHC single bench comprising Justice Aamer Farooq decided the matter in favor of the appellant who had challenged the Regional Tax Office’s order mentioning Rs 526,952 as outstanding recoverable amount from the M/s Crown Enterprises.
The RTO had issued the notice for tax year 2012 under the head of income tax under provisions of Income Tax Ordinance, 2001.
In its decision, the bench had also restricted the FBR’s field office, RTO, form recovering the said amount till deciding the departmental appeal of appellant. RTO had issued the notice after selecting the company through a computer balloting system for tax assessment.
The appellant had made FBR, and officers of RTO, respondents in the case.
