Islamabad High Court Bars FBR From Tax Recovery Against Askari Bank Under ADR Formula
In a significant ruling, the Islamabad High Court (IHC) has temporarily barred the Federal Board of Revenue (FBR) from proceeding with tax recovery actions against Askari Bank under the Alternative Dispute Resolution (ADR) formula. This decision has created a notable pause in the FBR’s collection process and emphasizes the importance of fair dispute resolution in…