LAHORE: The Regional Tax Office-I (RTO-I) of the Federal Board of Revenue (FBR) has imposed a fine of Rs 5.6 million on regional head of Habib Bank Limited (HBL) for protecting a tax defaulter company M/s Blaze (Private) Limited.
According to details, Blaze (Private) Limited was allegedly involved in tax evasion of Rs 5.6 million. Assistant Commissioner Inland Revenue (IR) Talib Hussain issued many notices to Habib Bank Limited under section 140 to attach the bank accounts of the company.
Sources told Customs Today that regional head of Habib Bank Limited (HBL) failed to attach the bank accounts of the company and also extends his support to the company in withdrawal of Rs 101.8 million from its bank accounts.
After receiving the information, a team of Regional Tax Office-I consisting Assistant Commissioner Inland Revenue Talib Hussain and Inspector Waqas Ahmed took action against the bank employee and asked him to pay the tax amount from his own pocket.
Sources said that Regional Tax Office-I (RTO-I) team has started action for the recovery of tax amount from Sohail Akhtar, owner of M/s Blaze (Private) Limited.
