According to the sources, The Lahore High Court (LHC) extended stay order against the Federal Board of Revenue’s (FBR) audit of estranged PTI leader Jahangir Khan Tareen’s sugar mills.
As per details, The Justice Raheel Kamran Sheikh heard a petition filed by the JWD sugar mills challenging an audit notice of the FBR.
The Lahore High Court (LHC) After a preliminary hearing, granted a stay order, suspending the operation of the notice till further orders and restrained the FBR from taking a final decision on its audit notice.
The petition stated that the Federal Board of Revenue (FBR) sent a notice for conducting an audit of the mills’ accounts on May 21.
The FBR sent notice on which record and documents regarding income tax have been sought.
The petitioner argued that “The Federal Board of Revenue (FBR) have no powers to conduct an audit of the 5-year-old accounts,”
The petitioner pleaded with the LHC to declare the audit notice void and restrain the tax body from taking any punitive action against the mills.
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