LAHORE: The Federal Tax Ombudsman (FTO) has adjourned the hearing of a case filed by M/s Falcon Trading Corporation Lahore against Corporate Regional Tax Office (CRTO) until the next hearing.
According to the details, FTO Consultant Tariq Yousaf heard the case number 259/LHR/ST (59)/783/2015 filed by M/s Falcon Trading Corporation in which the counsel for the appellant argued that the Regional Tax Office (RTO) had failed to release the sales tax refunds of the last two years claimed by the company.
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He said that the RTO collected excessive tax from M/s Falcon Trading Corporation during the last two years. They approached the commissioner concerned many times for issuance of refunds but the RTO officials did not pay the refunds after the passage of reasonable time.
Finally, the company decided to approach the FTO seeking interference in this case. The counsel appealed the FTO advisor to direct the CRTO to clear the refund claims.
The counsel further said that the RTO should refund the excess collection in wake of taxes by the end of financial year but the situation is quite otherwise. Delay in issuance of refunds put burden on the taxpayers, he said, adding that the RTO should make audit of the cases and release the extra amount collected by it from the taxpayers.
After hearing the arguments from both sides, FTO adjourned the case until further hearing and directed the parties to appear on said date to present their arguments in the case.
