ISLAMABAD: The Islamabad High Court (IHC) on Thursday adjourned the hearing of an Income Tax Reference (ITR) involving chargeable Federal Excise Duty (FED) amounting to Rs 5 billion.
A division bench of the IHC comprising Justice Noor ul Haq N Qureshi and Justice Athar Minallah, heard two interlinked income tax references. The bench adjourned hearing after brief arguments by the parties.
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Pak Telecom Mobile Limited (Ufone) had filed both references through Advocate Sardar Ahmed Jamal. Both references were filed against additional commissioner Inland Revenue.
The company had challenged ATIR decision regarding chargeable duty FED mounting to Rs 5 billion and had sought a stay on the ATIR verdict which had authorized the FBR to deduct the said amount.
