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

byM.B. Rana
09/03/2017
in Karachi, Latest News
Share on FacebookShare on Twitter

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.

You might also like

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

21/07/2026

Pakistan banks expected to report lower Q2 2026 profits

21/07/2026

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.

Related Stories

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has left customs duty concessions granted under Free Trade Agreements (FTAs) and Preferential...

Pakistan banks expected to report lower Q2 2026 profits

byCT Report
21/07/2026

KARACHI: Pakistan’s banking sector is expected to report lower earnings in the second quarter of 2026 as the impact of...

FTO orders FBR to fix IRIS glitches blocking Rs2.3m tax credit

byCT Report
21/07/2026

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical limitations of...

FBR imposes excise duty on e-liquids used in vapes & e-cigarettes

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes...

Next Post
????????????????????????????????????

MCC requests FBR for ‘Reward Fund’ for anti-smuggling officials

  • 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.