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IHC reserves verdict of case filed by M/s Mustehkam Cement Ltd

IHC reserves verdict of case filed by M/s Mustehkam Cement Ltd

ISLAMABAD: Islamabad High Court reserved decision of a case filed by M/s Mustehkam Cement Limited challenging Federal Board of Revenue’s claim on re-assessment of outstanding tax.

IHC single bench comprising Justice Athar Minallah heard the case. Through the petition, M/s Mustehkam Cement Limited, had challenged a re-assessment of company’s tax payments in tax year 2016.

M/s Mustehkam Cement Limited, through the submission, had challenged show-cause notice for recovery of Rs3,396,722,925 under the head of income tax, dated April 12, 2016.

The company had prayed the court to direct LTU not to recover the said amount and abstain them from taking any coercive action in this regard.

M/s Mustehkam Cement Limited had prayed the court operation of the impugned order issued by the tax authority may kindly be suspended till the decision of appeal pending before the LTU.

The company submitted before the court that the impugned order was issued under mala fide intentions and had no legal standing or authority and the court may decide on relief which it deemed appropriate in this regard. It also stated that due legal course was not followed by the department in issuing the order.

The appellant had also mentioned that departmental obligations were not met amid processing the notice of recovery demand while later the adjudication filed to address grievances of the appellant.

Federal Board of Revenue (FBR), officers of LTU including commissioner Inland Revenue, deputy commissioner Inland Revenue and Commissioner Inland Revenue (Appeals) were made respondent in the matter.