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SHC restrains tax authorities from recovery of Rs122.731m from M/s Sunrise Plastic Industries

byM.B. Rana
07/04/2017
in Karachi, Latest News
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KARACHI: The Sindh High Court (SHC) restrained the tax department form enforce impugned recovery of Rs122.731 million from petitioner on a constitutional petition filed by M/s Sunrise Plastic Industries Private Limited against impugned demand notice issued by tax authorities.

During the hearing of petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi also issued notices to tax department and attorney general and directing them to file their respective para wise comments for April 7, 2017.

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During the hearing, counsel for the petitioner submitted that pursuant to order under section 122 (1) of the Income Tax Ordinance 2001, for the tax year 2014 passed by the respondents, petitioner has preferred an appeal along with stay application before commissioner Inland Revenue Appeals IV, he further submitted that in date mentioned in the demand notice for payment of tax is expiring today and there is apprehension that the respondents may adopt coercive action for the recovery of the impugned demand by  attachment of bank account of the petitioner.

Citing Secretary Ministry of Law, chairman Federal Board of Revenue, commissioner Inland Revenue, Zone-III, Large Taxpayers Unit, deputy commissioner Inland Revenue Audit Unit-II Zone-III Large Taxpayers Unit-II as respondents, petitioner pleaded the court may restrain them from taking any coercive action against the petitioner including attachment of its bank accounts for impugned recovery.

 

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