Sunday , November 29 2020
Breaking News
Home / Karachi / SHC adjourns Rs 64.14m tax evasion case
SHC adjourns Rs 64.14m tax evasion case

SHC adjourns Rs 64.14m tax evasion case

KARACHI: The Sindh High Court (SHC) has adjourned the hearing of a petition filed by Moaiz Akbar Ali Kakal against demand notice of Rs 64.165 million issued on alleged tax evasion.

The hearing was fixed before a two-member bench, comprising Justice Munib Akhter and Justice Abdul Malik Gaddi, but the bench could not take the case due to shortage of the time. The court adjourned the hearing for date decided by office later.

Earlier, the petitioner’s counsel stated that petitioner was engaged in the business of timber and paying all leviable taxes regularly. However, officials of the tax authorities issued a notice stating that during physical verification on April 26, 2016, it was found that the petitioner was involved in tax evasion, therefore, he was asked to pay Rs 64.165 million for the tax period ending March 2016.

According to the petitioner, officials concerned did physical verification of only two premises on which the remaining inventory stock of the petitioner is available as mentioned. The counsel argued that the petitioner had explained all situation but respondents did not bother to understand and raided the premises of the petitioner without issuing notice and took the computer and other things away with them which is illegal, mala fide and unjustified.

Citing Ministry of Law secretary, FBR chairman, RTO-III Inland Revenue commissioner and others as the respondents, the petitioner pleaded the SHC to set aside impugned demand notice and restrain the respondents from taking any action against it. The court was further requested to direct the petitioner to release computer and other equipments.