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SRB challenges tribunal’s order over recovery of Rs 1.549b against Al-Abid Silk Mills

byM.B. Rana
07/12/2016
in Karachi, Latest News
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KARACHI: The Sindh High Court (SHC) adjourned the hearing of an appeal filed by Assistant Commissioner Sindh Revenue Board (SRB) challenging impugned order of the appellate tribunal over recovery notice of Rs 1.549 billion against M/s Al-Abid Silk Mills Limited.

A two-member bench, headed by Justice Aqeel Ahmed Abbasi, was hearing the appeal. Earlier, counsel for the applicant stated that the respondent is engaged in providing or rendering the taxable services in the matter of manufacturing or processing for others in toll basis and failed to get himself registered with the Sindh Revenue Board. Therefore, a issued show cause notice was issued to the respondent on dated June 2, 2016 directing him to register itself with the SBR and pay the Rs 105, 492, 920 in respect of sales tax during the tax period from July 2013 to May 2015.

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According to the applicant, respondent neither deposited the sales tax nor registered itself e-filed with the Sindh Revenue Board and filed an appeal before the appellate authorities which was dismissed and also uphold the penalty imposed by applicant, however, said respondent approached appellate tribunal which suspended the amount of the penalty illegally and unlawfully.

Citing M/S Al-Abid Silk Mills Ltd as respondent, applicant pleaded the court may declare that order of the appellate tribunal is illegaly and unlawful. Applicant also pleaded the SHC may set aside impugned order of the appellate tribunal.

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