LAHORE: The Federal Tax Ombudsman (FTO) has adjourned the hearing of two cases filed by M/s Nishat Chunian Limited and M/s Pharmagen Limited against Large Taxpayer Lahore (LTU) until the next hearing.
According to the details, Advisor to Federal Tax Ombudsman Tariq Yousaf heard the case in which the counsels for the complainant Waseem Ahmed Malik represented M/s Nishat Chunian Limited and Mahmood Arif represented case of M/s Pharmagen Limited. Both advocates argued that the Large Taxpayer Unit (LTU) remained fail to make payment of tax refund claims to the companies during the last two years.
The counsel added that the field formation collected excessive tax from taxpayers during last two years. The petitioners approached the commissioner concerned in LTU many times for refunds but no action was taken in this regard by the Large Taxpayer Unit.
At the end, the appellants decided to approach Federal Tax Ombudsman (FTO) to interfere in this case and direct the LTU Lahore to clear the pending refund claims as early as possible, the counsel argued, adding that the Lahore LTU should clear the refunds at the end of fiscal year but it did not do the same.
On the other side, counsel for Large Taxpayer Unit (LTU) Lahore argued that the LTU has ready to settle the case after assessment. After hearing the arguments from both sides the Adviser of Federal Tax Ombudsman Tariq Yousaf adjourned the cases of M/s Nishat Chunian Limited and M/s Pharmagen Limited 5-A Zafer Ali Road Gulberg Lahore till next date for further hearing and directed the parties to appear on said date.
