LAHORE: The Federal Tax Ombudsman (FTO) has postponed the hearing of a case filed by M/s Innovative against the Large Taxpayer Unit (LTU) until the next date of hearing on Thursday.
According to the details, FTO Advisor Mian Munawar Ghafoor heard the case in which the counsel for the appellant argued that the LTU had failed to satisfy the appellant in tax refund case.
He added that LTU collected excessive tax from the company during the last three years. The petitioner approached the department many times but it failed to clear the refunds claims after the passage of a reasonable time.
At the end, the appellant decided to approach the Federal Tax Ombudsman (FTO) seeking interference in this case. The counsel appealed the FTO advisor to direct the LTU to clear the refund claims.
The counsel further said that the delay in issuance of refunds put burden on the taxpayers, adding that the LTU should make audit of the cases and release the extra amount collected by it from the taxpayer. He also said in the argument that appellant should submit all relevant record to the LTU.
After hearing the arguments from both sides, FTO adjourned hearing the case until next date for further hearing and directed the parties to appear on said date to present arguments in the case. The same case will be heard on the next reserved date.
