LAHORE: The Lahore High Court on Monday suspended a notice of the Federal Board of Revenue (FBR) issued to Ittefaq Sugar Mills for the recovery of income tax to the tune of Rs2.3 billion.

The mills’ counsel submitted that the FBR had sent an income tax recovery notice without any legal justification. He said an appeal against the FBR notice was still pending before the commissioner.

After suspending the tax recovery notice, Justice Jawad Hassan referred the matter to the commissioner of inland revenue department of the FBR with a direction to decide it within 30 days.

PARAGON: A duty judge of an accountability court on Monday adjourned hearing of the Paragon City reference against former railways minister Khwaja Saad Rafiq and his brother former provincial minister Khwaja Salman Rafiq.

Both brothers appeared before the court and the duty judge postponed the hearing till Sept 23.

The NAB accused the Khwaja brothers of wrongfully gaining Rs18.2 million approximately from M/s Paragon City (pvt) Limited in their bank accounts. It said the Khwaja brothers through their “benamidars” and with the abetment of Qaiser Amin Butt and Nadeem Zia established a housing project in the name of Air Avenue.

It said the suspects along with other accomplices cheated the public at large and obtained illegal financial benefits from the funds of the illegal society.

Published in Dawn, August 24th, 2021