KARACHI: Pakistan International Private Limited (PIPL) has approached the Sindh High Court (SHC) against issuing of show cause notice the Federal Board of Revenue to pay Rs778,906,242 for tax year 2014.
On 10 April 2020, counsel for the petitioner stated in his constitutional petition that petitioner always fulfills all the legal formalities according with law and never has been nominated in any fraud or tax evasion.
He further submitted that petitioner was shocked when he it came to know that a show cause notice has been issued to the petitioner by the way the arbitrary order passed under section 122 (5A) of the income tax ordinance 2001, dated February 2020 as well as various prejudiced dated not under section 137 (2) dated February 2020 of the income tax ordinance 2001.
Counsel argued that according to the show cause notice, petitioner was directed to pay Rs778,906,242 for the tax year 2014 through labeling the petitioner as a tax defaulter without any legal or liable justification whatsoever.
Citing secretary Revenue Division, chairman Federal Board of Revenue, commissioner Inland Revenue Appeal-III, additional commissioner Inland Revenue Audit as respondents, petitioner pleaded the court may declare that act of the respondents is illegal, mala fide and arbitrary.
He further pleaded the court may set aside impugned notice and restrain them from taking any coercive action against the petitioner till final order in this petition.
