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Home Karachi

M/s V.V Cotton Ginning and Oil, others move SHC against attachment of bank accounts

byM.B. Rana
03/02/2017
in Karachi
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KARACHI: M/s VV Cotton Ginning and Oil Mills (Private) Limited, M/s Kanewal Cotton Ginners Oil Mills (Private) Limited, M/s Asad Cotton Ginners (Private) Limited, M/s Hingloj Cotton Oil and Food Industries and others approached the Sindh High Court (SHC) against impugned notices for attachment of their bank accounts for recovery of disputed income tax.

In a constitutional petition, counsel for the petitioners stated that the petitioners are paying all the leviable government taxes properly, but the Deputy Commissioner Inland Revenue E&C Unit-X RTO Hyderabad has illegally issued recovery notices under section 140 of the Income Tax Ordinance 2001, which includes attachment of their bank accounts. He said that the respondents issued the notices during pendency of income tax appeals against disputed income tax liability.

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Citing the Chief Commissioner Inland Revenue Regional Tax Office RTO Hyderabad, the Commissioner Inland Revenue (Appeals) Regional Tax Office RTO, Hyderabad, the Additional Commissioner Inland Revenue Zone-II Regional Tax Office RTO, Hyderabad and deputy commissioner Inland Revenue E & C Unit-X RTO Hyderabad as respondents, the petitioners pleaded the court to declare the act of the respondents as illegal, mala fide and arbitrary.

They also pleaded the court may set aside impugned recovery notices and direct the Commissioner Inland Revenue Appeals, Hyderabad to decide/ adjudicate the appeals of the petitioners within a period of 90 days or any suitable time which this court deems fit.

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