ISLAMABAD: A single bench of the Islamabad High Court (IHC) has reserved a judgment on a case, challenging the recovery of Rs 502.40 million made by the Federal Board of Revenue (FBR).
Justice Aamer Farooq of the IHC heard the case filed by M/s Huawai Technologies (Private) Limited. The appellant had challenged the act of recovery of the said amount by Commissioner Inland Revenue of the Large Taxpayers Unit, Islamabad.
The appellant had submitted that the Large Taxpayers Unit’s act of recovering Rs 502.40 million from the bank accounts of the appellant was illegal and without lawful authority.
The appellant also argued that the FBR office had made recovery following issuance of a show cause notice (No 520), dated May 30, 2015, which did not hold lawful grounds. Following the show cause, FBR made two recoveries of Rs 8.87 million and Rs 493.53 million, total Rs 502.40 million. These recoveries were made in head of income tax.
The company had field petition through its Director Legal, Usman Afzal. Company’s BoD had authorized Afzal for pursuing the case through a resolution, the appellant mentioned before the court.
The appellant had prayed the court to declare the act as illegal and without any lawful authority and an iterim stay may be granted against recovery proceedings and encashment of pay order.
