Category Archives: Court Orders

Sindh High Court declares RD imposed through SRO 1035, exercising powers as illegal

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KARACHI: Sindh High Court (SHC) in a landmark judgment on Wednesday declared the imposition of regulatory duty as illegal besides also declaring the powers as illegal exercise by minister in-charge and Federal Board of Revenue (FBR) in amending the rates of duty.

Supreme Court takes suo moto notice in illegal foreign assets of Pakistanis

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ISLAMABAD: The Supreme Court of Pakistan (SCP) on Thursday took suo moto notice in illegal foreign assets of Pakistanis while expressing displeasure on the performance of state machinery in taking action against names appeared in Panama Papers and Paradise Leaks.

Sindh High Court directs giving priority to tax cases

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KARACHI: Sindh High Court (SHC) has issued directives the benches to give priorities in taxation cases. The directives have been issued on the request of Federal Board of Revenue (FBR) to recover amount in litigation cases.

NAB restrained from using powers of plea bargain settlements

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ISLAMABAD: Supreme Court of Pakistan has restrained National Accountability Bureau (NAB) from using powers to clear persons through voluntary return and plea bargain deals.

NAB exposes Rs72 million scam over fake investments in Gawadar

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KARACHI: The National Accountability Bureau exposed scam of Rs 72 million in Rawalpindi where accusers illegally collected money from general public for investments and allotments of shops in fake shopping mall project which was never materialized in Gawadar, statement released on Monday.

Court declares collection of capital gain tax on disposal of securities as illegal for disputed year

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KARACHI: The High Court of Sindh (SHC) has declared collection of capital gain tax by Federal Board of Revenue (FBR) as illegal for the period 2014/2015 due to a lacuna in the law was not addressed.

Supreme Court restrains Bahria Town from undertaking development activity

KARACHI: Supreme Court of Pakistan (SCP) on Monday restrained Bahria Town from undertaking any development activity on 5,786 acres of land in Karachi with immediate effect.

FTO terms maladministration in failure to revisit order passed under Section 122A

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KARACHI: Federal Tax Ombudsman (FTO) has termed that failure of tax department in revisiting order passed under Section 122A is tantamount to maladministration.

Tribunal directs FBR to de-freeze OGDCL bank accounts

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KARACHI: Appellate Tribunal Inland Revenue (ATIR) has directed Federal Board of Revenue (FBR) to de-freeze bank accounts of Oil and Gas Development Company Limited (OGDCL).

FTO declares delaying refund claims as maladministration; entitle to additional amount

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KARACHI: The Federal Tax Ombudsman (FTO) has declared that delaying refund claim process by the tax authorities tantamount to maladministration and entitled to additional amount.