ISLAMABAD: A single bench of the Islamabad High Court (IHC) has decided the tax matter filed by M/s Fauji Fertilizer Bin Qasim Limited and restricted the Federal Board of Revenue from recovering liable tax amount of Rs 1,412 billion from the company.
The court also directed the Large Taxpayers’ Unit of the FBR to decide M/s Fauji Fertilizer Bin Qasim Limited’s departmental appeal within 60 days.
A single bench of the IHC comprising Justice Aamer Farooq decided the matter in favor of the appellant who had challenged the LTU’s order mentioning Rs 1,412 billion as outstanding amount from the M/S Fauji Fertilizer Bin Qasim Limited.
The LTU had issued the notice for tax year 2012, dated March 3, 2016, in head of Sales tax under provisions of Sales Tax Act, 1990.
In its decision, the bench had also restricted the FBR’s field office, LTU, from recovering the said amount till deciding the departmental appeal of appellant. The appellant had made FBR, and officers of LTU, respondents in the case.
