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SHC adjourns hearing of plea filed by M/s i2 Pakistan against audit

SHC adjourns hearing of plea filed by M/s i2 Pakistan against audit

KARACHI: The Sindh High Court (SHC) on Monday adjourned the hearing of a petition filed by M/s i2 Pakistan (Private) Limited against selection of its audit for the period from July 2012 to June 2014.

A two-member bench, comprising Justice Munib Akhter and Justice Abdul Malik Gaddi, heard the petition.

Earlier, the petitioner’s counsel stated that petitioner is engaged in business of importing and distributing mobile phones, and contributing huge amount of sales tax in the national exchequer.

According to the petitioner, the additional commissioner Inland Revenue, Audit Range Zone, III issued a notice to M/s i2 Pakistan on December 9, 2014 that the company has been selected for audit from July 2012 to June 2014.

“The petitioner pays sales tax and never defaulted in paying sales tax. The respondents have no powers to select a taxpayer for an audit and this power vest solely with the FBR chairman, who is required to conduct a random and parametric ballot to select taxpayers for the audit. But the said respondents are sending notices for audit without lawful authority and of no legal effects,” the counsel argued.

The petitioner prayed to the SHC to set aside the impugned notices and restrain the respondents from taking any action against the petitioner.