SHC stays suspension of exemption certificate of Sahara Welfare Trust

KARACHI: A division bench of High Court of Sindh stayed suspension of exemption certificate issued in favor of Sahara Welfare Trust. The impugned order was passed by Commissioner Inland Revenue without issuing any show cause or assigning reasons for adverse action, submitted Ms Dil Khurram Shaheen advocate representing the NGO…. Continue reading

Three FBR officers promoted to BS-22

KARACHI: The establishment division on Friday notified promotion of three senior officials of Federal Board of Revenue (FBR) to BS-22 with immediate effect. According to notification issued by the FBR, two officers of Inland Revenue Service (IRS) and one officer of Pakistan Customs Service (PCS) have been promoted to BS-22… Continue reading

SHC quash FIR by Customs, IRS may take cognizance Dispute over petitioner being manufacturer or not

KARACHI: Hearing a dispute over registration of FIR by authorities of Pakistan Customs alleging that petitioner is not a manufacturer yet abused concession, a customs appellate bench of High Court of Sindh on Wednesday allowed the petition and quashed the FIR. Muhammad Muqeet Khalid filed the petition (CP-D 1029/2013) through… Continue reading

SHC decline petition challenging issuance of Show Cause Notice

KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan closed a door of un-necessary litigation as court dismissed petition filed by Karachi Electric (KE) challenging Show Cause Notice issued by Large Taxpayer Unit (LTU) of Inland Revenue. The petitioner… Continue reading

SHC adjourns hearing in petitions challenging detention of goods

KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan adjourned proceedings in a number of identical petitions. As the hearing in petitions commenced, counsel for one of the petitioners on a query by the court submitted that the… Continue reading

Inland Revenue receives suspicious foreign currency transactions report of Siraj Kassam Teli, Haji Yasin

KARACHI: Inland Revenue Intelligence & Investigation of FBR has received the case of Muhammad Siraj Kassam Teli and his brother Haji Yasin for further investigation, as they are suspected to be involved in unauthorized capital flight, evasion of duties and tax evasion. The activities of these individuals are suspicious, as… Continue reading

Asem Iftikhar appointed Director IRS Intelligence Karachi

KARACHI: The Federal Board of Revenue (FBR) has posted Asem Iftikhar as the Director of Inland Revenue Intelligence and Investigation Karachi, as the board plans to tighten the noose around tax evaders and money launderers. Asem Iftikhar is a well reputed officer and has served as Additional Director Inland Revenue… Continue reading