Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Lahore

FTO adjourns hearing of refund appeal filed by M/s Iqbal Butt

bySajid Nawaz
26/10/2017
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: The Federal Tax Ombudsman (FTO) has postponed the hearing of a case filed by Muhammad Iqbal Butt against the Regional Tax Office (RTO), Gujranwala, until the next hearing.

According to details, FTO Advisor Mian Munawar Ghafoor heard the Complaint Number 420-L/IT(324)591/2017 in which the counsel for the appellant argued that the RTO had failed to release the sales tax refund of the last two years claimed by the company.

You might also like

IFC invests $20m in Novatex to bolster Pakistan’s packaging exports, sustainable production

08/08/2026

Pakistan begins preparing FATF 2027 performance report

08/08/2026

He said the RTO collected excessive tax from Iqbal Butt from the last two years. He approached the commissioner concerned many times for issuance of refunds but the RTO officials did not pay refunds even after the passage of reasonable time.

At the end, the company decided to approach the FTO seeking interference in this case. The counsel appealed the FTO advisor to direct the RTO to clear refund claims. The counsel further said the RTO should refund the excessive collection in the wake of taxes by the end of financial year but the situation is quite otherwise. Delay in issuance of refunds put burden on taxpayers, he said, adding the RTO Sargodha should audit cases and release extra amount collected from the taxpayers.

After hearing arguments from both sides, Advisor Mian Munawar Ghafoor adjourned the hearing of case until next date for further hearing and directed the parties to appear on said date to present arguments.

 

Related Stories

IFC invests $20m in Novatex to bolster Pakistan’s packaging exports, sustainable production

byCT Report
08/08/2026

ISLAMABAD: The International Finance Corporation (IFC) has announced an investment of up to US$20 million in Pakistan’s leading plastic packaging...

Pakistan begins preparing FATF 2027 performance report

byCT Report
08/08/2026

ISLAMABAD: Preparations for Pakistan’s 2027 Financial Action Task Force (FATF) report have begun, with the Karachi Desk starting to compile...

High powered Chinese business delegation explores bilateral trade & investment avenues at ICCI

byCT Report
08/08/2026

ISLAMABAD: President of the Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has called for taking Pakistan-China economic...

PRA adopts zero-tolerance policy for implementation of E-IMS

byCT Report
08/08/2026

LAHORE: The Punjab Revenue Authority (PRA) has adopted a zero-tolerance policy for province-wide implementation of the Electronic Invoice Monitoring System...

Next Post

Seminar on Implementing strategy of MoU between law dept, GPCCI

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.