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 dismisses plea filed by M/s Diamond Metals seeking adjustment certificate

byM.B. Rana
13/02/2017
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) has dismissed a constitutional petition as not pressed with pending applications filed by M/s Diamond Metals, seeking adjustment certificate under sub-rule (26) of rule 58 H of special procedure for payment of sales tax.

A two-member bench, comprising Justice Aqeel Ahmed Abbasi and Justice Muhammad Arshad Khan, was hearing the petition.

You might also like

FBR exempts certain POS-compliant footwear supplies from retail price tax

18/07/2026

Tax backlog hits 68,000 despite 24 private members inducted on monthly salaries of up to Rs2.6m; review panel formed

18/07/2026

During the hearing, Syed Irshadur Rahman advocate, counsel for the petitioner, appeared before the court and stated that, under instructions, does not press this petition as according to him the purpose of filling of the petition has been served and adjustment certificate has already been issued by the concerned commissioner in favor of the petitioner.

After hearing, court passed order with observation that, “such position is not controversial by the learned counsel for the respondent, accordingly, instant petition stands dismissed as not press along with the pending applications”.

Earlier, counsel for the petitioner stated in its petition that petitioner is running a business of steel melting and re-rolling unit and engaged in the business of manufacturing of iron bars, angles and T-bars, he submitted that petitioner approached the tax authorities seeking adjustment certificate for payment of sales tax, however, tax authorities declined its request.

Citing Secretary Ministry of Finance, commissioner Inland Revenue, Zone-III Large Taxpayer Unit-II and others as respondents, taxpayer pleaded the court to declare that act of the respondents is illegal, mala fide and arbitrary and direct them to issued adjustment certificate immediately.

Related Stories

FBR exempts certain POS-compliant footwear supplies from retail price tax

byCT Report
18/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has excluded certain supplies made through digitally integrated and point-of-sale-compliant channels from the...

Tax backlog hits 68,000 despite 24 private members inducted on monthly salaries of up to Rs2.6m; review panel formed

byCT Report
18/07/2026

ISLAMABAD: Pakistan’s tax litigation backlog has climbed to around 68,000 cases despite the appointment of 24 private-sector members to the...

Bahrain pulls $30m from Pakistan bonds as Gulf war weighs on foreign investment

byCT Report
18/07/2026

ISLAMABAD: Bahrain withdrew $30 million from Pakistan’s domestic bonds during the first 10 days of FY2026-27 as the Gulf conflict...

Aurangzeb reviews digital overhaul of FBR through Faceless Centre

byCT Report
18/07/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting to review the implementation roadmap and operational...

Next Post

Customs Court approves interim challan of suspects in tax evasion case

  • 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.