LAHORE: The Lahore High Court (LHC) on Tuesday has ordered the Federal Board of Revenue (FBR) to unfreeze the bank accounts of Arslan Iftikhar captured due to alleged tax evasion of Rs 3.7 million.
During the hearing, counsel for Arslan Iftikhar argued that his client has no any concern with the FEA Private Limited which is found involved in tax evasion as per the investigations of FBR. He further added that FBR has no right to freeze the bank account of Arslan Iftikahar as he did not own it.
After hearing the arguments, the LHC suspended orders of the FBR and asked it for further reply as well.
As per details, Regional Tax office (RTO) Zone-I Lahore, after freezing the bank account of Arslan Iftikhar, son of former chief justice of Pakistan Iftikhar Chaudhry, had recovered Rs 2.8 million out of a total outstanding amount of Rs 3.7 million.
According to sources, Arslan is director of a company FEA (Private) Limited situated in Gulberg. During the audit of fiscal year 2012-13, it was found that a sum of Rs 3.5 million was evaded by the said company.
Sources said that the RTO team sent many notices to Arslan for recovery of the outstanding amount. However, he never received or responded to the notices.
