ISLAMABAD: A division bench of the Islamabad High Court on Tuesday reserved a decision on M/s Werrick Pharmaceutical’s tax matter.
The IHC bench, comprising of Justice Aamer Farooq and Justice Mohsin Akhtar Kiyani, reserved the decision after hearing arguments from both sides. The case was filed by M/s Werrick Pharmaceutical in 2016.
During the previous hearings, the court had directed the parties to submit a record of the case.
M/s Werrick Pharmaceutical had challenged a recovery claim made by field office of the Federal Board of Revenue (FBR).
M/s Werrick Pharmaceutical had filed the reference in which the company had challenged a show cause notice issued by the Large Taxpayers Unit Islamabad.
M/s Werrick Pharmaceutical had prayed the court that the FBR office had issued a recovery notice to the company which did not hold lawful grounds.
The appellant had prayed the court to declare the act as illegal and without any lawful authority and an interim stay may be granted against the recovery proceedings.
M/s Werrick Pharmaceutical submitted before the court that the impugned order was issued under mala fide and had no legal standing or authority and the court may decide on relief which it deemed appropriate in this regard. It also stated that due legal course was not followed by the department in issuing the order.
M/s Werrick Pharmaceutical had also prayed the court to decide the case early as the appellant had to bear financial complications after the case.
M/s Werrick Pharmaceutical had also mentioned that departmental obligations were not met amid processing the notice of recovery demand while later the adjudication did not redress the grievances of the appellant.
ATIR, Federal Board of Revenue (FBR), officers of LTU, including Commissioner Inland Revenue, and others were made respondent in the tax reference.
The bench had also heard the case during the last week and adjourned hearing on the matter after hearing brief arguments by the parties.
