The Federal Board of Revenue (FBR) was served with contempt notices by the Lahore High Court (LHC) on Sunday for failing to comply with the court’s orders regarding the minimum tax computation formula used by service sector taxpayers liable to pay minimum tax under Section 153(1)(b) of the Income Tax Ordinance, 2001.

A single bench led by Justice Shahid Jamil Khan issued the notice while hearing a petition seeking contempt proceedings against the revenue board’s chairman and two core members for failing to follow the court’s earlier order dated November 14.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

نیب ترمیمی آرڈیننس، آصف زرداری عدالت پہنچ گئے

آصف علی زرداری نےدوسرے نیب ترمیمی آرڈیننس کی بنیاد پربریت کی درخواستیں…

Saudi Arabia extends term for $3bn deposit for one year: SBP

Saudi Arabia has extended the term for the deposit of $3 billion…

Miftah Ismail takes jibe at Energy Minister

Karachi: Former finance minister Miftah Ismail castigated Energy Minister Hammad Azhar’s inviting…

Israel will not ‘surrender’ to Hamas demands: Netanyahu

Israeli Prime Minister Benjamin Netanyahu has said he will not “surrender” to…