ORDER WITH THE SIGNATURE OF THE JUDGE

1. For orders on CMA No. 35130/2015

2. For hearing of CMA No. 33574/2015

3. For hearing of Main Case.

12.11.2015

Mr. Javed Haleem, advocate for the petitioner.

Mr. S. Irshad-ur-Rehman, advocate for respondents.

Impugned in this petition is the notice dated 05.10.2015, issued under section 140 of the Income Tax Ordinance, 2001 to the Manager, Soneri Bank Ltd., Chiniot Bazar, Faisalabad for attachment of the accounts of the petitioner in order to seek recovery of outstanding tax demand of Rs.44,795,387/-. Learned counsel for the petitioner states that the bank account of the petitioner which was frozen may be unfrozen as the petitioner is agreeable to deposit the entire amount claimed in the notice with the Nazir of this Court. Learned counsel for the department states that this demand comprises of six separate demands, out of which three appeals are pending adjudication, therefore the undisputed amount relating to remaining three may be allowed to be deposited directly with the respondent.

Let the entire amount in the sum of Rs.44,795,387/- be deposited with the Nazir of this Court and as soon as the amount is deposited with the Nazir, the notice regarding freezing the accounts shall stand withdrawn. Once the amount is deposited with the Nazir then the undisputed demands mentioned at serial nos. 2, 3 and 4 amounting to Rs. 35,761,755/= shall be released to the Income Tax Authorities. Insofar as the remaining disputed amount is concerned, the Nazir shall keep it with him. Let the pending appeals of the petitioner be decided within 30 days.

The petition alongwith the pending application stands disposed of in the above terms.

CHIEF JUSTICE

J U D G E

Zahid Baig