LAHORE: The Lahore high court has asked the Inland Revenue department of Gujranwala to submit reply in alleged tax evasion case of M/s Diamond Foam Company.
Sources told Customs Today that Inland Revenue department of Federal Board of Revenue Gujranwala has confiscated the sales record of M/s Diamond Foam Private Limited in alleged tax evasion case. Lawyer of the applicant party advocate Nasser Shah told the court that Inland Revenue department bas raided the factory and confiscated all record of the company.
He said that FBR has violated the section 175 of Pakistan Customs Act as they did not send any notice to the company before seizing all of their record. He requested the court to take action against alleged illegal raid of FBR.
The Lahore High Court after hearing the arguments of M/s Diamond Foam lawyers asked the Inland revenue Gujranwala to submit their reply on 25th May.
