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SHC seeks comment from LTU for issuing tax notice of Rs 13.5m to M/s Diamond Metals

KARACHI: The Sindh High Court (SHC) sought comments from the tax authorities on a constitution petition filed by M/s Diamond Metals against the impugned demand notice of Rs 13.507 million issued by the Large Taxpayers Unit (LTU) Inland Revenue-Enforcement and Collection Unit deputy commissioner.

A two-member bench, headed by Chief Justice Sajjad Ali Shah heard the petition.

Earlier, the petitioner’s counsel stated that his client supplied manufactured steel bars/angles/ T-bars to the end consumers (general public) to the tune of Rs 1.174 billion for the period from June 2013 to June 2015 and Rs 65.154 million for the period from July 2015 to December 2015 — totaling Rs 1.23 billion and petitioner fulfilled all requirements and paid all leviable taxes properly.

According to the petitioner, however, officials of the respondents issued a show cause notice, demanding further tax amounting to Rs 12.864 million and also imposed fine of Rs 643,229 illegally and without lawful authority. Therefore, the petitioner filed an appeal before the the Inland Revenue-Appeal -IV commissioner which is pending but respondents are threatening to the petitioner.

Citing Ministry of Finance secretary, LTU IR commissioner and others as respondents, the petitioner pleaded the SHC may set aside the impugned demand notice and restrain the respondents from taking any coercive action against the petitioner.

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