Lahore High Court suspends FBR tax notice against PCB [Update Post #2]

[Abdullah719]

LAHORE: The Lahore High Court (LHC) on Monday issued a stay-order against Rs 400 million income tax recovery from Pakistan Cricket Board (PCB).

Justice Ayesha A Mailk passed the order on a petition filed by the board challenging notices for recovery of Rs 400 million income tax.

During the hearing, the boards' counsel arguing before the court submitted that the PCB was a national institution for promotion of cricket and under the government policy, it was exempted from all taxes.

He said Federal Board of Revenue (FBR) had issued a notice of Rs 400 million advance income tax on occasion of international players' arrival in Pakistan. On non-payment, the FBR issued notices for recovery of Rs 400 million income tax, he added.

He contended that the notices were illegal as income tax could only be recovered from a person under the Income Tax Ordinance. He pleaded with the court to set aside the notices. He also requested for suspension of notices till final decision of the petition.

At this, the court issued a stay-order against Rs 400 million income tax recovery and sought reply from respondents.

http://www.brecorder.com/2017/09/19...inst-rs-400-mln-income-tax-recovery-from-pcb/

 

[Abdullah719]

LHC suspends FBR tax notice against PCB

LAHORE: The Lahore High Court has stayed an advance income tax notice issued to Pakistan Cricket Board (PCB) by the Federal Board of Revenue (FBR). Through a writ petition, the PCB’s counsel stated the PCB was a national institution for the promotion of cricket in the country and under the laws it was exempted from all kind of taxes. He said the FBR issued a notice to the board for the recovery of Rs.400 million under the head of advance income tax for the period of two years. The counsel argued that under section 236 of Income Tax Ordinance the tax could be levied on the income of an individual only and not an institution. He asked the court to set aside the show cause notice issued to the PCB for the recovery of the advance income tax for being unlawful. Justice Ayesha A Malik suspended the tax notice and sought a reply from inland revenue department of the FBR within a fortnight.

http://dailytimes.com.pk/sports/20-Sep-17/lhc-suspends-fbr-tax-notice-against-pcb