LHC stays FBR’s audit against Jehangir Tareen’s JDW sugar mills

Author: Daily Times Monitor

The Lahore High Court (LHC) stayed on Tuesday the Federal Board of Revenue (FBR’s) audit of estranged Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen’s JDW Sugar Mills, a private TV channel reported.

The high court heard Tareen’s petition against the FBR’s audit notice; the court also gave a restraining order to the tax collecting authority and issued a notice seeking a reply. Making the FBR and others as respondents, Tareen’s petition prayed upon the court that the FBR had sent a notice on May 21 and sought documents and records related to income tax. However, the FBR does not have the authority to conduct an audit after five years, the petition further contended. The 2015 tax audit period has passed. Therefore, the audit notice has been sent illegally, and should be declared null and void, the petition maintains. The court was requested to direct the FBR from taking disciplinary action.

Earlier on May 31, it was reported that PTI’s disgruntled leader reminded Prime Minister Imran Khan of his promise that he [Tareen] would be treated justly and said it is about time justice was delivered. The Federal Investigation Agency (FIA) had lodged three cases against the PTI leader after an inquiry highlighted Tareen’s alleged link to a powerful sugar mafia that created a shortage of the commodity in January last year with the aim to hike sugar prices.

Last month, when a group of PTI lawmakers, also known as the Tareen group, accused the FIA of victimising the former party secretary-general in a sugar scam case, Senator Zafar was assigned by the prime minster to “impartially” ascertain the facts of the investigation.

Share
Leave a Comment

Recent Posts

  • Business

Bears drag index down by 1,331 points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 1,331.86…

1 hour ago
  • Business

Finmin highlights challenges posed by population growth

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Monday highlighted the significant…

1 hour ago
  • Business

Political stability, long-term economic policies, crucial for economic growth

Acting President of the Islamabad Chamber of Commerce and Industry (ICCI), Abdul Rehman Siddiqui on…

1 hour ago
  • Business

WAPDA chairman inspects work on key sites of Mohmand Dam

Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) on Monday visited Mohmand Dam, a multipurpose…

1 hour ago
  • Business

Gold prices dip by Rs700 per tola

The price of 24 karat per tola gold decreased by Rs.700 and was sold at…

1 hour ago
  • Business

Rupee sheds 6 paisa against dollar

Pakistani rupee on Monday depreciated by 6 paisa against the US dollar in the interbank…

1 hour ago