ISLAMABAD: The Islamabad High Court will hear (IHC) M/s MOL Pakistan and Gas Company’s tax reference on Thursday (today), seeking to restrict the Federal Board of Revenue (FBR) from charging outstanding tax amount of Rs 177.3 million.
M/s MOL Pakistan case was scheduled to be heard by IHC single bench comprising Justice Aamer Farooq. The company had filed the case seeking to restrict the Large Taxpayers Unit (LTU), Islamabad, from recovering outstanding tax amount.
The FBR, the LTU officers, including Commissioner Inland Revenue, Commissioner Inland Revenue (Appeals) and Appellate Tribunal Inland Revenue (ATIR), are made respondents in the case.
Through the petition, M/s MOL Pakistan & Gas Company had complained against LTU officer that he had issued an assessment in May 30, 2016 stating that it was illegal and unjust. LTU had issued notice stating Rs 177,358,995 as outstanding tax amount in head of sales tax. The tax demand was issued in head of Federal Excise Duty.
M/s MOL Pakistan & Gas Company informed the court that its stay application was pending before the LTU Commissioner (appeals). It also prayed that the assessment order issued by the LTU officer was illegal, unlawful and without legal grounds.
