The Sindh High Court (SHC) has asked the lawyers of certain executives to submit till November 27 a reply stating reasons for their failure to submit tax returns from 2011 onwards.
A two-judge SHC bench, led by Justice Muhammad Ali Mazhar, on Monday heard the pleas filed by the executives against the Federal Board of Revenue’s (FBR) notices.
NBP calls for reopening sugar mills.
The executives are in the Federal Investigation Agency’s (FIA) custody in connection with its ongoing probe into a multi-billion rupees scam that also involves the top leadership.
On Monday, the FBR’s counsel said notices had been issued for not paying their tax returns. However, the petitioner maintained that the FBR could not seek tax returns for over the past five years.
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