LAHORE: The Federal Tax Ombudsman (FTO) has directed counsels to conclude their arguments on next date of hearing. The case was filed by M/s Fatima Vegetable Oil Mills Private Limited against the Large Taxpayer Unit (LTU). The same appeal was heard last month and was put off for the next date.
According to the details, FTO Advisor Haji Ahmed heard the case in which the counsel said that the delay in issuance of refunds put burden on the taxpayers, adding that the LTU should make audit of the cases and release the extra amount collected by it from the taxpayer. He also said in the arguments that appellant should submit all relevant record to the LTU.
He added that the LTU collected excessive tax from the company during the last three years. The petitioner approached the department many times but it failed to pay the refunds after the passage of a reasonable time.
At the end, the appellant decided to approach the Federal Tax Ombudsman (FTO) seeking interference in this case. The counsel appealed the FTO advisor to direct the LTU to clear the refund claims.
After hearing the arguments from both sides, FTO adjourned hearing of the case until next date for further hearing and directed the parties to appear on said date to conclude arguments in the case. The same case will be heard on the next reserved date.
