LAHORE: The Federal Tax Ombudsman (FTO) has postponed the hearing of a case filed by M/s Allied Cotton Ginners Lahore versus Regional Tax Office-I (RTO-I) until further hearing.
Adviser to Federal Tax Ombudsman Tariq Yousaf heard the case in which the counsel for the appellant argued that the Regional Tax Office-I (RTO-I) remained fail to make payment of the tax refund claims to the company during the last three years.
You might also like
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 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 Tariq Yousaf adjourned the case of M/s Allied Cotton Ginners Lahore till next date for further hearing and directed the parties to appear on said date.
