ISLAMABAD: Justice Babar Sattar of the Islamabad High Court (IHC) on Tuesday questioned the power of the Federal Board of Revenue (FBR) to raid a private firm in an alleged tax fraud case.

Justice Sattar was hearing the petition of private firm Pakistan Accumulators that challenged FBR’s authority to initiate criminal proceedings without assessment of tax liability.

During the hearing, an FBR official informed the IHC that the Intelligence and Investigation Directorate was looking into tax fraud of Rs250bn.

The petitioner’s counsel played the CCTV footage of FBR’s raid inside the courtroom. After watching the video, the judge questioned the FBR’s reason for raiding the premises of the said firm.

The court was told that the raid was conducted to arrest the company’s chief financial officer, an absconder. The FBR, however, could not give plausible reasons for taking possession of files, which were returned later on.

Published in Dawn, March 12th, 2025

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Personal priorities
Updated 21 Mar, 2025

Personal priorities

Pet projects launched by govt often found to be poorly conceived, ripe for exploitation, misaligned with country’s overall development priorities.
Inheritance rights
21 Mar, 2025

Inheritance rights

THE Federal Shariat Court’s ruling that it is un-Islamic to deprive a woman of her right to inheritance is a...
Anti-Muslim actions
21 Mar, 2025

Anti-Muslim actions

MUSLIMS in India have endured incessant scrutiny of their nationalism. Prime Minister Narendra Modi’s ...
Victim complex
Updated 20 Mar, 2025

Victim complex

If New Delhi is sincere about bringing peace to South Asia, let it agree to an unconditional dialogue with Islamabad about all irritants.
LSM decline
20 Mar, 2025

LSM decline

THE slump in large-scale manufacturing amidst the adjustments the economy is forced to make in order to stay afloat...
Education interrupted
20 Mar, 2025

Education interrupted

THE sudden closure of major universities in Balochistan, ostensibly due to ‘security concerns’, marks another...