Jahangir Tareen's sugar mills challenge FBR audit notice in LHC
FBR has no authority to conduct an audit of five-year-old account: petition
LAHORE (Dunya News) – Sugar mill of estranged leader of the Pakistan Tehreek-e-Insaf (PTI) Jahangir Tareen challenged the Federal Board of Revenue’s (FBR) audit notice in the Lahore High Court (LHC).
The high court, after conducting preliminary hearing restrained the Federal Board of Revenue (FBR) from taking action on the notice and issued notice to the tax collecting body.
The petition stated that the FBR sent a notice for conducting an audit of the mills’ accounts on May 21 and sought record and documents regarding income tax.
The petitioner argued that the FBR has no authority to conduct an audit of five-year-old accounts and asked the high court to declare the audit notice void and restrain the tax body from taking any punitive action against the mills.