Heading: TAX DEPARTMENT FAILS TO RECOVER TAX FROM BANK ACCOUNTS OF TAXPAYER - 2024-04-23
LAHORE: The Tax department has failed to recover the tax assessed from bank accounts of taxpayer without issuance of fresh notice after dismissal of appeal, said sources. According to details, a thermal generation company had declared loss in his tax return. The department issued a show-cause notice to amend the assessment. It was followed by an opportunity of hearing from the taxpayer who failed to satisfy the department. Accordingly, the department passed an amendment order determining the tax liability against the taxpayer and issued a notice for the payment of the same. The taxpayer filed an appeal and succeeded in obtaining a stay order against the recovery of the disputed amount. During the subsistence of the stay order, the department issued notice for the payment of tax and recovered the amount from the bank accounts of the taxpayer within hours soon after dismissal of his appeal from the relevant forum. The taxpayer challenged the recovery on the ground that not only a fresh notice was required to be issued by the department after dismissal of his appeal but also a reasonable time, being not less than seven days, was to be allowed to him to avail the remedy of appeal before the appellate tribunal. But the department was of the view that the interim relief…
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