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Home / Karachi / M/s Regal Colour & Varnish Company moves SHC against recovery notice of Rs 62,611,681
M/s Regal Colour & Varnish Company moves SHC against recovery notice of Rs 62,611,681

M/s Regal Colour & Varnish Company moves SHC against recovery notice of Rs 62,611,681

KARACHI: The Sindh High Court (SHC) has sought comments from tax authorities and deputy attorney general on a constitutional petition filed by M/s Regal Colour & Varnish Company against impugned demand notice for recovery of Rs 62,611,681. A two-member bench, headed by Justice Irfan Sadat Khan, heard the matter.

Earlier, counsel for the petitioner stated that petitioner has been engaged in the business at very small scale for the last many years dealing in the mixing of dry colours and packing under different names.

According to the petitioner, Deputy Commissioner Inland Revenue Zone-I, Regional Tax Office-II passed an order for recovery of Rs 62,611,681 for the period of April 2012 to March 2017. He further submitted that its appeal is pending before the appellate authority. However, he has apprehension of coercive action from the tax department.

Citing Secretary Ministry of Law, chairman Federal Board of Revenue, commissioner Inland Revenue Regional Tax Office-II as respondents, he pleaded the court to restrain the tax department not to take any coercive action till final decision of the appellate authority.