Business
Man accused in Rs3bn tax fraud case granted bail against Rs100 surety bond
字号+ Author:Smart News Source:Travel 2025-01-12 01:40:25 I want to comment(0)
ISLAMABAD: A man accused of being involved in a Rs3.20 billion sales tax fraud case was granted bail by the Islamabad High Court (IHC) on Wednesday against the surety bond of just Rs100. The high court, in its ruling today, declared the department's criminal probe as an excess of authority. During the hearing, IHC Justice Babar Sattar also directed to send a copy of the court's order to Federal Bureau of Revenue's (FBR) Chairman Rashid Mahmood Langrial. According to the verdict, the manager of a bank was arrested for helping in opening account at power company branch. It said that the state did not provide any material regarding the petitioner's involvement in the tax fraud crime. The court also said that the tax department did not determine the tax due on the taxpayer as per the law. Moreover, the verdict said that the tax department arrested the petitioner in violation of the Lahore High Court's verdict. The tax department initiated criminal proceedings despite being aware of the LHC's verdict, said the IHC, adding that the FBR chairman should distribute the copies of the LHC and IHC's judgments to the tax officers. The court said in case of violation, the tax collection authority and the tax officers will face action for misuse of powers. The IHC further remarked that the legal and police powers delegated to public officials should be exercised in accordance with the law.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Islamabad police book PTI leadership in dozen cases
2025-01-12 01:13
-
PCB names Inzamam, Misbah, Mushtaq, Anwar for Hall of Fame 2024
2025-01-12 00:39
-
Pakistan name squad for West Indies Test with seven changes
2025-01-11 23:21
-
Sarah Ferguson makes heartbreaking admission
2025-01-11 23:16
User Reviews
Recommended Reads
Hot Information
- Appeals court upholds verdict in Trump sexual abuse case
- Tom Holland's dad shares concerns over son's love life amid engagement rumours
- Music icon Sam Moore breathes his last at 89
- Prince William set to embark on key royal duty
- South Korea crash investigation ramps up as funeral procedures begin
- Court hands life sentence to woman for electrocuting husband
- 'Moana 2' hits theaters amidst lawsuit alleging Disney copied original idea
- Sarah Ferguson begins new chapter of life without Prince Andrew
- Cameron Diaz, Eddie Murphy's 'Shrek 5' release postpones
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content