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IHC to resume hearing of tax reference filed by Pakistan Tobacco Company

IHC to resume hearing of tax reference filed by Pakistan Tobacco Company

ISLAMABAD: A division bench of Islamabad High Court (IHC) will start hearing of a tax reference filed by M/s Pakistan Tobacco Company Limited on Thursday.

IHC Division Bench comprising of Justice Athar Minallah and Justice Miangul Hassan Aurengzeb would hear the matter. Earlier this case was heard a single bench of IHC, The appellant had approached the court challenging the previously given decision.

Through the petition, M/S Pakistan Tobacco Company Limited had challenged imposition of ‘Super Tax regime 2015.’

M/s Pakistan Tobacco Company Limited had filed the petition challenging collection of “super tax” against the formulated terms and conditions.

Super tax is being imposed for collecting funds for rehabilitation of temporarily displaced persons under provisions of Income Tax Ordinance, 2001 after inserting section 4-B of Finance Act, 2015 in the Income Tax Ordinance, 2001.The petition has challenged super tax imposition stating that double tax was being charged under section 4-B of Finance Act, 2015 as the Federal Board of Revenue was using the said section (4-B) of Finance Act, 2015 for charging of Super Tax separately under Income Tax Ordinance, 2001. Hence, the section was being used to charge tax twice, petitioner stated.

M/s Pakistan Tobacco Company Limited also submitted before the court that super tax should be imposed on rich people only under particular division, 11A, of first schedule on income of every person specified in ‘sold division.’

“The tax is being imposed on taxpayers under section 4-B, which itself is charging section, hence, under this provision it cannot be charged twice”, M/S Pakistan Tobacco Company Limited stated.

M/s Pakistan Tobacco Company Limited had filed the case against officers of ministry of finance (MoF) and federal board of revenue (FBR).

Commissioner Inland Revenue (Audit), Additional Commissioner Inland Revenue (Audit), and Deputy Commissioner Inland Revenue (Audit), Large Taxpayers’ Unit was made directed respondents in the case. The court will resume case’ hearing ager summer vacation.