Taxpayer can’t be asked for record beyond six years
ISLAMABAD:
The Supreme Court has ruled that a taxpayer cannot be asked to furnish record beyond a period of six years.
“We hold that a taxpayer is obliged to maintain the record under Section 174(3) of the Ordinance for a period of six years,” a five-page judgment authored by Justice Syed Mansoor Ali Shah read while rejecting the Federal Board of Revenue's (FBR) plea against a Lahore High Court order, which had set aside a notice to the taxpayer.
A three-judge bench of the apex court led by Chief Justice of Pakistan Umar Ata Bandial heard the matter.
“The taxpayer cannot be compelled to produce the record for a tax year beyond the period of six years as stipulated in Section 174(3) of the Ordinance,” the verdict added.
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