What happened: On Monday, The Lahore High Court suspended a notice issued by the Inland Revenue department of the Federal Board of Revenue (FBR) to a sugar mill of Pakistan Tehreek-i-Insaf’s senior leader Jahangir Khan Tareen for audit.
Why: The JDW Sugar Mills had filed a petition and submitted through its counsel that the FBR launched an audit of the five-year-old accounts of the company in light of the report of a sugar inquiry commission. He argued that the board, under the law, could not hold an audit of accounts beyond five years. Justice Jawad Hassan suspended the impugned notice and sought a reply from the FBR by next week
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