Business
Man accused in Rs3bn tax fraud case granted bail against Rs100 surety bond
字号+ Author:Smart News Source:Sports 2025-01-09 18:13:06 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
-
Internet disruption likely in Pakistan as submarine cable develops faults
2025-01-09 17:23
-
پنجاب میں سرمایہ کاری کیلئے سی ایم مریم چینی ٹیک کمپنیوں کو دعوت دیتی ہیں
2025-01-09 16:50
-
پنجاب میں سرمایہ کاری کیلئے سی ایم مریم چینی ٹیک کمپنیوں کو دعوت دیتی ہیں
2025-01-09 16:16
-
اسٹیٹ بینک آف پاکستان نے کلیدی پالیسی شرح میں 200 بنیادی پوائنٹس کی کمی کر کے اسے 13% کردیا ہے۔
2025-01-09 15:56
User Reviews
Recommended Reads
Hot Information
- ‘Say no to aerial firing’: Aseefa urges revellers to celebrate New Year ‘responsibly’
- حکومت نے پٹرول کی قیمت میں 0.56 روپے فی لیٹر کا اضافہ کیا ہے۔
- دو روزہ کمی کے بعد PSX میں بحالی
- پٹرول کی قیمت اگلے پندرہ دنوں کے لیے تبدیل نہیں ہوگی۔
- Kurram warring tribes sign peace accord after days-long jirga
- پی ایس ایکس نے 116,000 پوائنٹس سے تجاوز کرکے نیا ریکارڈ قائم کرلیا۔
- وزیر کا کہنا ہے کہ سعودی عرب کے ساتھ ریکو ڈِق کے حصص کے حوالے سے کوئی معاہدہ نہیں ہوا۔
- مالیاتی اشاروں کی بہتری اور سیاسی سکون کی وجہ سے اسٹاک میں تیزی سے اضافہ ہوا۔
- Meghan Markle fuels divorce speculation with new title
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content