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 Breaking News

SHC seeks comments from FBR officials on petition filed by M/s Indus Motor Company Limited

byM.B. Rana
25/08/2021
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: A two-member bench of the Sindh High Court (SHC) issued notices to the Federal Board of Revenue’s officials and deputy attorney general of Pakistan and directed them to file their respective para wise comments for next date of hearing on a constitutional petition filed by M/s Indus Motor Company Limited against issued notices for audit.

On 24 August 2021, during the hearing, counsel for the petitioner has argued that petitioner is a duly incorporated company engaged in the manufacturer, assembling, marketing, distribution and sale of various vehicles, related accessories and spare parts sold under the brand name “Toyota”.

You might also like

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

21/07/2026

Pakistan banks expected to report lower Q2 2026 profits

21/07/2026

He further argues that petitioner challenges the unlawful actions of respondents in selecting petitioner for an audit under section 25 of the sales tax act, 1990 through notices issued by respondents dated August 03, 2021 for the relevant tax periods, notices issued by deputy commissioner Inland Revenue Audit Unit-04, Audit-II, Large Taxpayer’s Office dated August 04, 2021 and April 26, 2021, further notice dated July 09, 2021 for selecting a taxpayer for an audit.

Citing Chairman Federal Board of Revenue, Commissioner Inland Revenue Audit-II, Large Taxpayer’s Office and deputy commissioner Inland Revenue Audit Unit-04, Audit-II, Large Taxpayer’s Office as respondents, petitioner pleaded the court to declare that the impugned notices are without lawful authority and of no legal effect.

He further pleaded the court may declare that the impugned notices are unlawful and in violation of the proviso to section 25(2) as inserted through Finance act, 2018 and court suspend these impugned notices and prohibit respondents from taking any adverse action against the petitioner on the basis of the impugned notices for the relevant tax period.

Related Stories

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has left customs duty concessions granted under Free Trade Agreements (FTAs) and Preferential...

Pakistan banks expected to report lower Q2 2026 profits

byCT Report
21/07/2026

KARACHI: Pakistan’s banking sector is expected to report lower earnings in the second quarter of 2026 as the impact of...

FTO orders FBR to fix IRIS glitches blocking Rs2.3m tax credit

byCT Report
21/07/2026

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical limitations of...

FBR imposes excise duty on e-liquids used in vapes & e-cigarettes

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes...

Next Post

Multan Customs seizes tyres, scrap, welding rods worth Rs9.4m

  • 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.