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

SHC directs to restore bank accounts of M/s Islam Khan & Sons

byM.B. Rana
02/05/2017
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) directed the tax authorities to ensure that if there is no any specific order from any competent court or the authority for blocking bank accounts of the petitioner, particularly, recovery of impugned demand, the petitioner may be allowed to operate bank accounts on a constitutional petition filed by M/s Islam Khan & Sons seeking order for de-blocking of its bank account.

While the hearing of petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi also issued notices to the tax department and deputy attorney general directing them to file their respective para wise comments on next date of hearing.

You might also like

Finance minister discusses REITs growth with stakeholders

02/05/2026

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

02/05/2026

During the hearing, counsel for the petitioner stated that petitioner is engaged in the business of distribution of different goods in the market and is fulfilling all liabilities regularly, however, it was surprised when it came to knowledge of the petitioner that his account has been freeze, petitioner also received copy of the notice under section 122 (1)/122 (5) of the Income Tax Order 2001.

Being aggrieved it filed an appeal before commissioner Inland Revenue Appeals which is pending for final disposal, however, tax authorities have taken coercive action and attached its bank account for impugned disputed amount. He said that due to blockage of bank accounts, the petitioner has suffered irreparable loss as well as sustained huge loss in his business.

Citing Secretary Ministry of Finance, chairman Federal Board of Revenue, commissioner Inland Revenue Appeals-V, and others as respondents, petitioner pleaded the court may direct them to re-open its bank accounts and restrain them from taking any coercive action till final disposal of appeal.

Related Stories

Finance minister discusses REITs growth with stakeholders

byCT Report
02/05/2026

ISLAMABAD:Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Saturday chaired a virtual meeting of the Focus Group to...

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

byCT Report
02/05/2026

LAHORE: Prime Minister Shehbaz Sharif held a meeting with Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin...

CM’s advisor Ali Mustafa Dar unveils AI governance plan

byCT Report
02/05/2026

RAWALPINDI: Advisor to the Chief Minister of Punjab on Artificial Intelligence and Special Initiatives, Ali Mustafa Dar, has announced that...

Pakistan’s inflation hits two-year high at 10.9pc in April

byCT Report
02/05/2026

ISLAMABAD: Pakistan’s inflation surged to a near two-year high of 10.9% in April, driven by rising fuel prices, global supply...

Next Post

IHC issues notices to parties on petition filed by Pakistan Tobacco Company

  • 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.