29.9 C
Islamabad
Saturday, November 2, 2024

Tax evaders cannot escape from criminalization: FBR

Must read

Kallar Kahar Salt Range: A Perilous Segment of the Motorway

Shah Asad Khan The Islamabad-Lahore Motorway, commonly known as M-2, was inaugurated in 1997 and serves as a flagship project that has transformed Pakistan's road...

PAIDAR’s Vision for Pakistan-Africa cooperation

M Azam Tariq The Pakistan and Africa Institute of Development and Research (PAIDAR) can play a vital role in exploring new dimensions of relations between...

Navigating Digital Technology: Promoting Peace and Tolerance in Pakistan

 Dr. Muhammad Shahzad Ashfaq The contemporary landscape of Pakistan, digital technology has emerged as a double-edged sword, offering both opportunities and challenges. The pervasive influence...

 Our farmers target of kleptocracy

Zain ul Abideen Abid A few days ago, the Chief Minister of Punjab launched a 400 billion rupee project for the farmers in Punjab's Hafizabad...

Spokesman Report

ISLAMABAD: In a Landmark Judgement on the offence of Money Laundering (ML) based on tax evasion as a predicate offence, the Honorable Lahore High Court in Writ Petition No.16567 of 2021 and more than 180 connected Writ Petitions issued a detailed Judgement on 10.09.2022 in favor of FBR. The following were four categories of writ petitions.

The petitioners challenged filing of FIRs under Anti-money laundering Act 2010 by the three regional Directorates (Lahore, Faisalabad & Multan) of  Directorate General Intelligence & Investigations Inland Revenue. The Honorable Court dismissed such writ petitions.

The petitioners challenged the summons issued under section 160 of the CrPc. The Honorable Court dismissed such writ petitions.

The petitioners challenged the call up notices (preliminary inquiry) duly supported with detailed reasons. The Honorable Court dismissed such writ petitions.

The petitioners challenged the call up notices which were not duly supported with detailed reasons. The Honorable Lahore High Court allowed such writ petitions, however it held that the record/evidence/information already collected during investigation can be utilized in case fresh notices are issued.

Over all, the Honorable Court scrutinized the whole AML regime; upheld the vires of notifications issued by the Federal Government and the Standard Operating Procedures (SOPs) issued by the Directorate General I&I IR.

The judgement is a landmark achievement of the AML regime in general and FBR /Directorate General Intelligence & Investigation Inland Revenue in more particular. It will further strengthen the Anti-Money Laundering regime of Pakistan. It is also testimony to the fact that the AML regime of Pakistan is not only sustainable but is also effective and vibrant in curbing the menace of money laundering.

- Advertisement -Tax evaders cannot escape from criminalization: FBR

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -Tax evaders cannot escape from criminalization: FBR

Latest article

Kallar Kahar Salt Range: A Perilous Segment of the Motorway

Shah Asad Khan The Islamabad-Lahore Motorway, commonly known as M-2, was inaugurated in 1997 and serves as a flagship project that has transformed Pakistan's road...

PAIDAR’s Vision for Pakistan-Africa cooperation

M Azam Tariq The Pakistan and Africa Institute of Development and Research (PAIDAR) can play a vital role in exploring new dimensions of relations between...

Navigating Digital Technology: Promoting Peace and Tolerance in Pakistan

 Dr. Muhammad Shahzad Ashfaq The contemporary landscape of Pakistan, digital technology has emerged as a double-edged sword, offering both opportunities and challenges. The pervasive influence...

 Our farmers target of kleptocracy

Zain ul Abideen Abid A few days ago, the Chief Minister of Punjab launched a 400 billion rupee project for the farmers in Punjab's Hafizabad...

Daily The Spokesman November 02 2024 PDF

Daily The Spokesman November 02 2024 PDF