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M/s Premier Mercantile approaches SHC against notice for recovery of Rs 28,651,650

byM.B. Rana
09/03/2017
in Karachi, Latest News
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KARACHI: M/s Premier Mercantile Services (Private) Limited has moved the Sindh High Court (SHC) against impugned notice for recovery of disputed liability of Rs 28,651,650 in respect of super tax issued by deputy commissioner Inland Revenue Enforcement and Collection Unit-II Zone-I, Large Taxpayer Unit-I.

In its constitutional petition, counsel for the petitioner stated that petitioner is a private limited company and provides marine services of stevedoring container handling at Karachi Port. He said that the tax return for year 2016 was e-filed along with audited accounts, however, deputy commissioner Inland Revenue Enforcement and Collection Unit-II Zone-I, Large Taxpayer Unit-I issued notice under section 4B of Income Tax Ordinance 2001, dated 27/01/2017 for recovery of Rs 28,651,650 in respect of super tax.

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According to the petitioner, being aggrieved, it approached the concerned authority and filed an appeal along with stay application which is pending before the concerned authority for final disposal, however, during the pendency of such appeal, said respondent initiated proceedings for said recovery and also issued notice under section 140 of Income Tax Ordinance, 2001 through coercive measures.

Citing Secretary Ministry of Law, chairman Federal Board of Revenue, commissioner Inland Revenue, Zone-I, Large Taxpayer Unit-I and deputy commissioner Inland Revenue Enforcement & Collection Unit-II Zone-I, Large Taxpayer Unit-I as respondents, it pleaded the court to declare that act of the respondent as illegal, mala fide and arbitrary.

Counsel further pleaded the court to set aside impugned notice and restrain them from taking any coercive action against the petitioner till final order of this petition.

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