LAHORE: The Federal Tax Ombudsman (FTO) has heard an appeal filed by Dynamic Sportswear against the Corporate Regional Tax Office (CRTO) and put off the hearing until the next date.
FTO Adviser Mian Munawar Ghafoor heard the case in which counsel for the appellant argued that the Corporate Regional Tax Office (CRTO) has failed to release the tax refunds since two years claimed by the company.
He said the RTO has been collecting excessive taxes for the last two years. He approached the commissioner concerned many a time for the release of refunds but the CRTO officials did not entertain his requests, even after the lapse of a reasonable time.
At the end, the company decided to approach the FTO seeking his intervention in this case. The counsel appealed to the FTO advisor to direct the CRTO to clear the refund claims.
The counsel further said the CRTO should refund the additional collection of taxes by the end of financial year. Delay in release of refunds puts the burden on the taxpayer, he said, adding that the CRTO Lahore should audit the case and release the extra amount collected from the taxpayer.
After hearing the arguments from both sides, the FTO advisor adjourned the case by the next date for further hearing and directed the parties to appear on said date to present arguments in the case.
