LAHORE: The Federal Tax Ombudsman (FTO) has postponed the hearing of cases filed by M/s Jas Fabrics Industries and M/s Combined Fabrics Industries versus Regional Tax Office-I (RTO-I) until further hearing.
According to the details, Adviser to Federal Tax Ombudsman Mian Munawar Ghafoor heard the cases in which the counsels for the appellants Muhammad Shakeel and Saim Raza Zaid argued that the Regional Tax Office-I (RTO-I) remained fail to make payment of tax refund claims to the companies during the last three years.
The counsel added that the field formation collected excessive tax from taxpayers during last three years. The petitioners approached the commissioner concerned in RTO-I many times for refunds but no action was taken in this regard by the Regional Tax Office.
At the end, the appellants decided to approach Federal Tax Ombudsman (FTO) to interfere in this case and direct the RTO-I Lahore to clear the pending refund claims as early as possible, the counsel argued, adding that the Lahore RTO-I should clear the refunds at the end of fiscal year but it did not do the same.
On the other side, counsel for Regional Tax Office -I (RTO-I) Lahore argued that the RTO-I has ready to settle the case after assessment. After hearing the arguments from both sides Adviser of Federal Tax Ombudsman Mian Munawar Ghafoor adjourned the cases M/s Jas Fabrics Industry (Pvt) Ltd Shahalam Gate Lahore and M/s Combined Fabrics Limited Ferozpur Lahore till next date for further hearing and directed the parties to appear on said date.
