LAHORE: The Federal Tax Ombudsman (FTO) has postponed the hearing of an appeal filed by the TEEJAY Corporation (Private) Limited against the Corporate Regional Tax Office (CRTO) Lahore until the next date.
FTO Consultant Tariq Yousaf heard the case in which counsel for the appellant argued that the Corporate Regional Tax Office (CRTO) had failed to release the tax refunds claimed by the company since two years.
He said the RTO had been collecting excessive taxes from the TEEJAY Corporation (Private) Limited for the last two years. He approached the commissioner concerned many times for release of refunds but the CRTO officials did not respond positively, even after the lapse of a reasonable time.
At the end, the company decided to approach the FTO seeking intervention in this case. The counsel appealed the FTO advisor to direct the CRTO to clear the refund claims.
After hearing the arguments from both sides, the FTO adjourned the case until next date for further hearing and directed the parties to appear on the said date to present arguments in the case.
