KARACHI: M/s Pakistan International Container Terminal Limited has filed a sale tax reference application before the Sindh High Court (SHC), challenging judgments of the appellate forum over recovery of Rs 42, 576, 260 in respect of levy of workers welfare fund issued by additional commissioner Inland Revenue.
According to the details, during the hearing of the case, counsel for the applicant stated that it is engaged in the business of terminal operations, including providing container handling services to customers who use its terminal at Karachi Port and paying all liabilities regularly.
According to the applicant, additional commissioner Inland Revenue Zone-II Large Taxpayers Unit-I issued a notice under section 122 (5A)/ 122 (9) dated 10/02/2012 showing his intention to amend the order as in his opinion, the deemed assessment was erroneous and as well as prejudicial to interest of revenue.
Being aggrieved, applicant moved an appeal before commissioner Inland Revenue Appeals-III Karachi which held the order of the tax department, than it filed an appeal before appellate tribunal which also maintained order of commissioner Inland Revenue Appeals in respect of levy of workers welfare fund on accounting profit amounting to Rs42, 576, 260.
Citing additional commissioner Inland Revenue Zone-II Large Taxpayers Unit-I as respondent, applicant pleaded the court may set aside impugned judgment orders.
