business

August 5, 2018

Sindh High Court warns FBR of penalty on illegal tax demand

KARACHI: A high court may order the Federal Board of Revenue to pay 10 percent of a tax demand as compensation to a taxpayer if its recovery notice is found in contravention of laws, sources said on Saturday.Sindh High Court , in a recent order related to a case of an airline’s tax recovery, said the tax official involved in any such a recovery might also be liable to pay one percent of the total tax demand, according to people familiar with the hearing.Shaheen Air International Limited has...