KARACHI: Several importers have approached the Sindh High Court (SHC), challenging the impugned notices for the recovery of income support levy @ 0.5 percent on the value of net movable assets/ wealth imposed by tax authorities.
Counsels for Noman Ashfaq, Ashfaq Ahmed Khurram Ashfaq and Azam Sultan stated in their separate constitutional petitions that they are individuals and are duly registered taxpayers and are regularly paying income tax in accordance with law.
According to the petitioners, officials of the tax authorities issued notices to them for recovery of income tax of income support levy through income support levy act, 2013. The counsels argued that the income support levy @ 0.5 percent on the value of net movable assets/ wealth is illegal, without lawful authorities and of no legal effects.
Citing secretary Ministry of Law, secretary Revenue Division, deputy commissioner Inland Revenue Large Taxpayer Unit-II and the commissioner Inland Revenue Large Taxpayer Unit-II as respondents, petitioners pleaded that the court may declare that act of the respondents as illegal, mala fide and arbitrary and the court may restrain them from taking any coercive action against the petitioners.
