ISLAMABAD: The Islamabad High Court (IHC) will hear M/s Zhongxing Pakistan (Private) Limited tax reference on Monday (today) seeking to restrict the Federal Board of Revenue (FBR) from recovering outstanding tax amount of Rs 71.342 million.
M/s Zhongxing Pakistan had filed the case scheduled to be heard by the IHC single bench comprising of Justice Aamer Farooq. The had filed the case seeking to restrict the Large Taxpayers Unit, Islamabad, from recovering outstanding tax amount or making any other coercive move prior to the court’s directions.
The FBR, officers of LTU including Commissioner Inland Revenue and Commissioner Inland Revenue (Appeals) were made respondents 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.
