LAHORE: Inland Revenue (IR) Federal Board of Revenue (FBR) raided at a local hotel in Lahore and seized record of famous company Damas enterprises. Damas is doing business of diamonds and real estate internationally. The firm is working in Pakistan for 10 years but the tax returns filed by them do not match their sales and assets.
Customs Today has reported already in this regard, new developments are seen in investigation as the FBR team raided the office of firm located inside a local hotel and seized all the record. According to official sources Damas enterprises is earning billions of rupees from country but evading tax for 10 years.
The raiding team has also seized the record of citizens and investors who have purchased luxury apartments in Dubai through this company and FBR will check their tax returns also, in case of tax evasion strict action will be taken against them.
