Staff Reporter – Islamabad:
The Supreme Court has thrown out the appeals of Federal Board of Revenue pertaining to additional wealth tax issued to PML-N President Shehbaz Sharif and Nawaz Sharif late wife Kalsoom Nawaz.
The court declared that both Shehbaz and Kulsoom had submitted their wealth tax from 1994 to 1998 but the FBR sent notices of the additional wealth tax.
A three-judge bench of the apex court headed by Justice Umar Ata Bandial heard the case on Monday in Islamabad.
The Supreme Court observed that the demand notice must be issued before the issuance of the additional wealth tax notices and the FBR failed to establish in the court that it had issued the demand notice.
It further remarked that the additional tax notices were also dispatched after the submission of the wealth tax.
The Sharif family had challenged the FBR notices in the Lahore High Court which declared the board notices null and void.
However, the FBR challenged the LHC verdict in the Supreme Court.