A special bench headed by Chief Justice of Pakistan Mian Saqib Nisar passed the orders while hearing a suo motu notice case in connection with foreign bank accounts and assets owned by Pakistani citizens abroad, at the Supreme Court Lahore Registry.
As proceedings commenced, FBR's Commissioner Inland Revenue Ishtiaq Khan appeared before the court and submitted a sealed report regarding property and tax details of Aleema Khan in response to the court directions.
He submitted that Aleema Khan owned a property in the United Arab Emirates but she had not disclosed it here in Pakistan. She had taken loan from a bank to purchase the property which was repaid through the rent earned on it.
After loan repayment, Aleema Khan sold the property, he added.
He further submitted that Aleema did not avail tax amnesty on her UAE's property.
He submitted that the matter surfaced in 2009 but no action was taken due to time limitation. However, he said,
after amendment in law, the proceedings were initiated and a notice was issued to Aleema Khan on February 8, 2018 for not declaring the property. He said the matter would be heard on December 5.
At this, the bench sought record of the matter for making it a part of the court record and also issued a notice to
Aleema Khan to explain about her UAE property, its source and reasons for not disclosing the same before the tax
The case was adjourned till December 6. Next hearing will take place at the Supreme Court , Islamabad.
matter at Islamabad on November 30.