TRADING CORPORATION OF PAKISTAN (PVT.) LTD. vs FEDERATION OF PAKISTAN through Secretary Finance Division, Islamabad Ss — 2024 PTD 1571 KARACHI-HIGH-COURT-SINDH

Case information

Citation: 2024 PTD 1571 KARACHI-HIGH-COURT-SINDH
Court: Sindh High Court
Year: 2024
Reporter: PTD
Parties: TRADING CORPORATION OF PAKISTAN (PVT.) LTD. vs FEDERATION OF PAKISTAN through Secretary Finance Division, Islamabad Ss
Subject matter: Tax & Customs
Provisions referred to: S. 47; Income Tax Ordinance

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

TRADING CORPORATION OF PAKISTAN (PVT.) LTD. VS FEDERATION OF PAKISTAN through Secretary Finance Division, Islamabad Ss.54 & 134a [as amended by Finance (amendment) act, 2024]---Sales Tax act (VII of 1990), S. 47a---alternate Dispute Resolution---State-owned enterprise---Petitioner / Trading Corporation of Pakistan was aggrieved of recovery notices issued by Income Tax authorities without constituting alternative Dispute Resolution Committees--- Validity---Inland Revenue Officials realized that certain amendments had been carried out in Income Tax Ordinance, 2001, as well as other Federal fiscal laws, whereby, State Owned Enterprises were required to apply to Federal Board of Revenue for constitution of alternate Dispute Resolution Committee (aDRC) for the resolution of any dispute---Officials of Inland Revenue were under obligation to withdraw any and all pending litigations---Inland Revenue authorities were directed to withdraw all recovery notices issued to State Owned Enterprises under tax laws as there was no other legal remedy available to them except applying for constitution of alternative Dispute Resolution Committee---Constitutional petition was disposed of accordingly.

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