Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

M/s Lakhany Textile moves SHC against demand notices, attachment of property

byM.B. Rana
15/04/2017
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: M/s Lakhany Textile International approached the Sindh High Court (SHC), challenging impugned demand recovery notices of Rs 69, 124, 215 and attachment of its immovable and moveable property and appointment income tax officers to execute the warrant upon the petitioner’s officials issued by Additional Commissioner Inland Revenue Range-II Zone-II Regional Tax Office-II Karachi.

Counsel for the petitioner stated that said respondent issued a show cause notice under section 122 (9) for the tax years 2011, 2014 & 2015 to the petitioner, however, petitioner filed appeals before commissioner Inland Revenue Appeals which were dismissed, it filed again appeal before appellate tribunal, however, during the pendency of its appeal, commissioner Inland Revenue Regional Tax Office-II issued warrant of attachment of immovable property and appointed income tax officers to execute the warrant upon the petitioner.

You might also like

DG Valuation sets new customs values for imported almonds vide VR No.2065/2026

15/04/2026

Gas prices may surge as LNG imports halt after strait disruption

15/04/2026

Counsel further argued that dated March 22, 2017 said respondent also issued a letter for appointment of receivers/ attachment & sale of movable properties of the petitioner and dated March 27, 2017 under mala fide intention just to blackmail petitioner issuing a show cause notice for recovery of Rs. 41, 720, 289 and the tax year 2014, Rs. 26, 946, 331 for 2015 & Rs. 457, 595 (15% of the adjudged amount) for 2011. He submitted the court that respondents also threatened that the petitioner for his arrest and detention.

Citing Secretary Ministry of Finance, chairman Federal Board of Revenue, the chief commissioner Regional Tax Office-II, commissioner Inland Revenue Regional Tax Office-II, Commissioner Inland Revenue Appeals-IV and Additional Commissioner Inland Revenue Range-II Zone-II Regional Tax Office-II Karachi as respondents, petitioner pleaded the court may set aside impugned notices issued by tax authorities and restrain them from taking ay coercive measures till final decision of the this petition.

Related Stories

DG Valuation sets new customs values for imported almonds vide VR No.2065/2026

byCT Report
15/04/2026

KARACHI: The Directorate General of Customs Valuation released Valuation Ruling No. 2065/2026, superseding the previous ruling issued in December 2024....

Gas prices may surge as LNG imports halt after strait disruption

byCT Report
15/04/2026

ISLAMABAD: The impact of the Strait of Hormuz closure is beginning to reach Pakistan, as 22 LNG cargoes expected have...

IT leads list as SECP registers 2,993 companies in March 2026

byCT Report
15/04/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,993 new companies in March 2026, showing an 11% increase...

Special business passport on cards to ease investment flow: Naqvi

byCT Report
15/04/2026

ISLAMABAD: Federal Interior Minister Mohsin Naqvi indicated that the government is considering issuing special passports for members of the business...

Next Post

Customs Court extends physical remand of suspect booked in tax evasion case

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.