KARACHI: The Sindh High Court (SHC) directed counsel for M/s Otsuka Pakistan Private Limited to file its comprehensive para wise comments on a constitutional petition filed by Commissioner IR in a matter of recovery of Rs576,938,812.
On Feb 21, 2019, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter.
During the hearing, counsel for the Commissioner Inland Revenue Zone-Iv, Large Taxpayers Unit (LTU) argued that taxpayer engaged in the manufacturing making and distribution of intravenous infusions and trading in pharmaceutical products nutritional foods and medical equipment.
He submitted that on a report, department issued show cause notice against above named taxpayer for recovery of Rs576,938,812, however, taxpayer moved appellate tribunal which allowed taxpayer’s appeal without consideration of facts and restrained department for recovery of above mentioned amount.
Citing M/s Otsuka Pakistan Private Limited and others as respondents, petitioner pleaded the court to declare that act of the appellate tribunal as illegal, mala fide and arbitrary, he also pleaded the court to set aside impugned order of appellate tribunal and directed taxpayer to submit above mentioned amount.
After the hearing, court issued notices to M/s Otsuka Pakistan Private Limited, appellate tribunal and others and directed them to file their comments on next date of hearing.
