ISLAMABAD: The Islamabad High Court (IHC) will resume the hearing of a case on Monday filed M/s TNB Liberty Power Limited. The company has challenged a tax recovery notice sent by the Large Taxpayers Unit (LTU).
A bench, comprising Justice Shaukt Aziz Siddiqui and Justice Mohsin Akhtar Kiyani, would hear the re-submissions made by the company.
The bench adjourned the previous proceedings after taking notice of the submission and initial arguments by both sides. The company had filed the case against the LTU.
Appealed Tribunal Inland Revenue (ATIR), Federal Board of Revenue (FBR), officers of LTU including IR commissioner, deputy commissioner and IR-Appeals commissioner were made respondent in the case.
The TNB Liberty Power Limited Islamabad had filed the case seeking restrictions for the Islamabad LTU about recovering outstanding tax amount or making any other coercive move prior to court’s directions on the issue.
The company also stated that show cause notice mentioning outstanding tax amount was issued with mala fide intentions. The appellant further prayed the court bar LTU from taking coercive measure to recover the said amount.
It submitted before the court that the impugned order 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.
The appellant had also mentioned that departmental obligations were not met amid processing the notice of recovery demand while later the adjudication did not addressed grievances of the appellant.
The appellant had also prayed the court to decide the case early as the appellant had to bear financial complications after the case.
