JUDGMENT:

IRFAN SAADAT KHAN, JUSTICE:---The instant petitions have been filed seeking quashment of the extension letter dated 04.12.2019 issued by the Federal Board of Revenue (hereinafter referred to as FBR) whereby extension in time for finalization of audit proceedings have been granted upto 30.06.2020 for the tax year 2014 in some 459 cases and the case of the petitioner was among those 459 cases wherein the FBR has condoned the time limit in respect of cases selected for audit under Section 214C of the Income Tax Ordinance, 2001 (hereinafter referred to as the Ordinance) for the tax year 2014 as per the audit policy of 2015.2. Briefly stated the facts of the case are that the petitioner in CP No. D-2908 of 2020, is a private limited company engaged in providing operational and technical services and is an agent of SKF Euro trade AB. The return of income for the tax year 2014 was filed by the petitioner on 19.11.2014 by declaring an income of Rs.10,718,147/-. As per the provisions of Section...