LAHORE: Lahore High Court (LHC) has restricted the Federal Board of Revenue (FBR) to freeze the bank accounts of being operated by Pakistan Railway (PR) till further order.
According to the details, Justice Shahid Jameel Khan heard the appeal which is filed by the Pakistan Railway (PR) in which the counsel for appellant argued that Federal Board of Revenue (FBR) has issued a tax notice of Rs12 million. Adding more that Pakistan Railway has submitted its tax regularly.
He prayed before the court that tax notice of amounting Rs 12million is illegal and mala-fide so the court may declare the same as null and void issued by the Federal Board of Revenue and also restricted the FBR to attach the bank account of Pakistan Railway.
Counsel also argued that same case is also under proceeding in the Inland Revenue Appellate Tribunal (ATIR).
After hearing the arguments from petitioner side, Lahore High Court (LHC) has barred the FBR for tax collection from Pakistan Railways till further order and freeze the bank account. Court also ordered Inland Revenue Appellate Tribunal (ATIR) to hear the case in details with giving opportunities to both parties and decide the case. The same appeal will be preceded in the appellate tribunal for fresh order.