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IHC reserves verdicts in Pak Telecom’s Rs 498m income tax case

IHC reserves verdicts in Pak Telecom’s Rs 498m income tax case

ISLAMABAD: The Islamabad High Court (IHC) on Monday reserved a decision on a tax matter filed by M/s Pak Telecom Mobile Limited, challenging a tax recovery claims amounting to Rs 498.56 million issued by the Large Taxpayers Unit (LTU), Islamabad.

A single bench of the IHC comprising Justice Miangul Hassan Aurangzeb heard the case. After hearing the arguments and submission of related documents, the bench reserved the decision which would be announced in coming days.

M/s Pak Telecom Mobile Limited had filed the case seeking restrictions for Large Taxpayers’ Unit, Islamabad about recovering outstanding tax amount of Rs 498,561,734 for the tax year 2012 under the head of income tax.

The appellant had challenged a LTU’s order, issued on June 6, 2014 before the IHC after exhausting the departmental platform for appealing disputing orders.

Federal Board of Revenue (FBR), officers of LTU, including Inland Revenue (IR) commissioner, IR-Appeals commissioner and Appellate Tribunal Inland Revenue (ATIR) were made respondents in the case.

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

It 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.