| Citation(s) |
|---|
| 2025 SLG 1877 2025 SLD 1877 |
Appellate Tribunal Inland Revenue, Karachi
STA No.114/KB/2021
PRESENT: MR. FAKHAR-UL-ZAMAN AKHTAR, MEMBER AND MR. SHAHID MEHMOOD SHEIKH, MEMBER
Date of Hearing: 25.03.2025. Date of Order: 21.04.2025 Appellant by: Mr. Umer Farooq, Advocate
Respondent by: Mr. Mushtaq Ali Wagon, D.R.
STA No.114/KB/2021
PRESENT: MR. FAKHAR-UL-ZAMAN AKHTAR, MEMBER AND MR. SHAHID MEHMOOD SHEIKH, MEMBER
Date of Hearing: 25.03.2025. Date of Order: 21.04.2025 Appellant by: Mr. Umer Farooq, Advocate
Respondent by: Mr. Mushtaq Ali Wagon, D.R.
M/S. ELYSIUM CORPORATION, KARACHI......APPELLANT
VS
THE COMMISSIONER-IR, ZONE-III, RTO-II, KARACHI ......RESPONDENT
Law:
Section:
SUMMARY:
Alleged involvement in paper transactions and issuance/usage of fake or flying invoices linked to another blacklisted manufacturer, M/s Soni Impex.
Suspicion of fraudulent input tax adjustments resulting in loss to the national exchequer. No direct evidence that appellant itself committed tax fraud or issued fake invoices.