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M/s Tuwairqi Steel Mills moves SHC against freezing bank account

M/s Tuwairqi Steel Mills moves SHC against freezing bank account

KARACHI: M/s Tuwairqi Steel Mills Limited (TSML) has approached the Sindh High Court (SHC) against seizing its bank accounts in the garb of show cause notice for recovery of Rs184,027,206 issued by Federal Board of Revenue .

On 20 April2020, counsel for the petitioner stated in his petition that petitioner is engaged in lawful business and always fulfils all the legal formalities according with law.

He further submitted that Additional Commissioner Inland Revenue Range-B Zone-1 had re-created income tax demand Rs184,027,206 by passing order under section 124 of the income tax ordinance 2001, dated June 26, 2019 due to alleged non-furnishing the required details as documents ignoring the fact.

He argued that representative of petitioner appeared before the concerned officer and submitted details reply along with all relevant documents which was available on his record.

Counsel further argued that however, respondents issued show cause notice and after issuing show cause notice, all the bank accounts of petitioner have been attached and seized by the respondents, therefore, petitioner is seriously aggrieved by the act of the respondents, which is totally against the law and without lawful authority.

Citing secretary Revenue Division, chairman Federal Board of Revenue, commissioner Appellate Tribunal Inland Revenue (ATIR), Commissioner Inland Revenue Range-B Zone-1 and Additional Commissioner Inland Revenue Range-B Zone-1 as respondents, petitioner pleaded the court may declare that act of the respondents is illegal, mala fide and arbitrary.

He further pleaded the court may set aside impugned show cause notice and impugned letter for seizing and attaching its bank accounts, he further pleaded the court may direct them to de-seizing and de-attaching its bank accounts and restrain them from taking any further coercive action against the petitioner till final order in this petition.