KARACHI: The Sindh High Court (SHC) has dismissed a constitutional petition as not pressed filed by M/s Trading Corporation of Pakistan (Private) Limited against show cause notices for recovery of income tax for the years 2011, 2012 and 2013. A two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the petition.
During the hearing, counsel for the petitioner stated that under instructions, he does not want to press instant petition, as according to the learned counsel, the respondents could not take any adverse action against the petitioner in the instant pursuant to impugned show cause notices. After the arguments, court dismissed the petition as not pressed along with listed application.
Earlier, counsel for the petitioner stated that petitioner has recently received show cause notices under section 221 for recovery of income tax, simultaneously whereby, it is alleged that the tax credits claimed in income tax returns do not match with the record available in integrated tax management system (ITMS) maintained by the tax authorities.
He said, being aggrieved, the petitioner filed an appeal before authority concerned which was rejected without considering facts.
Citing Secretary Ministry of Finance, chairman Federal Board of Revenue (FBR) the Additional Commissioner Inland Revenue Zone –III, Large Taxpayer Unit, Karachi as respondents, importer pleaded the court may declare that the three show cause notices dated 10/05/2016 are of no legal effect beyond the purview od section 221 as well as time barred.
It also pleaded the court may set aside impugned show cause notices and restrain them from taking any coercive action against the petitioner.
