ISLAMABAD: The Islamabad High Court (IHC) on Monday issued notices to the parties while hearing M/s Zhongxing Pakistan (Private) Limited’s tax reference, seeking to restrict the Federal Board of Revenue (FBR) from charging outstanding tax amount of Rs 71,342,536.
The IHC single bench comprising Justice Aamer Farooq and issue notices to the respondents in the case. The court has directed the parties to submit their replies before the court in the case.
M/s Zhongxing Pakistan had filed the case, seeking restrictions for the Large Taxpayers Unit, Islamabad, from recovering outstanding tax amount or making any other coercive move prior to the court’s directions on the issue.
Federal Board of Revenue (FBR), officers of LTU including commissioner Inland Revenue and commissioner Inland Revenue (Appeals) were made respondent in the case.
Through the petition, M/s Zhongxing Pakistan Private Limited had complained against LTU officer that he had issued an assessment in March 05, 2009 stating that it was illegal and unjust. LTU had issued notice stating Rs 71,342,536 as outstanding tax amount in head of different taxes.
M/s Zhongxing Pakistan Private Limited had prayed the court to set aside the show cause notice issued to the company as it was unlawful and without legal grounds.
It prayed the court to provide appropriate relief to the appellant in this regard since the company was issued the notice under some malafide intentions. M/s Zhongxing Pakistan Private Limited further submitted that the department had not followed the legal course while imposing the claim of said outstanding tax adding that M/S Zhongxing Pakistan Private Limited was not informed as per legal regulations on the issue.
