FBR audit notice to Tareen’s mills suspended

Published November 24, 2020
PTI leader Jahangir Tareen arrived in Lahore on November 6 after spending several months in the United Kingdom. — DawnNewsTV/File
PTI leader Jahangir Tareen arrived in Lahore on November 6 after spending several months in the United Kingdom. — DawnNewsTV/File

LAHORE: The Lahore High Court on Monday suspended a notice issued by the Inland Revenue department of the Federal Board of Revenue (FBR) to a sugar mill of Pakistan Tehreek-i-Insaf’s senior leader Jahangir Khan Tareen for audit.

The JDW Sugar Mills had filed a petition and submitted through its counsel that the FBR launched an audit of the five-year-old accounts of the company in light of the report of a sugar inquiry commission.

He argued that the board, under the law, could not hold an audit of accounts beyond five years.

He said the Inland Revenue commissioner dismissed the objections by the mills against the notices for the audit selection without affording an opportunity of personal hearing.

He asked the court to set aside the impugned process of the audit and the notices issued to the petitioner/mills for being unlawful.

Justice Jawad Hassan suspended the impugned notice and sought a reply from the FBR by next week.

Published in Dawn, November 24th, 2020

Opinion

Editorial

UAE’s Opec exit
30 Apr, 2026

UAE’s Opec exit

THE UAE’s exit from Opec is another sign of the major geopolitical shifts that are reshaping the global order. One...
Uncertain recovery
30 Apr, 2026

Uncertain recovery

PAKISTAN’S growth projections for the current fiscal present a cautiously hopeful picture, though geopolitical...
Police ‘encounters’
30 Apr, 2026

Police ‘encounters’

THE killing of nine suspects by Punjab’s Crime Control Department across Lahore, Sahiwal and Toba Tek Singh ...
Growth to stability
Updated 29 Apr, 2026

Growth to stability

THE State Bank’s decision to raise its key policy rate by 100 basis points to 11.5pc signals a shift in priorities...
Constitutional order
29 Apr, 2026

Constitutional order

FOLLOWING the passage of the 26th and 27th Amendments, in 2024 and 2025 respectively, jurists and members of the...
Protecting childhood
29 Apr, 2026

Protecting childhood

AN important victory for child protection was secured on Monday with the Punjab Assembly’s passage of the Child...