LAHORE: The Federal Tax Ombudsman (FTO) has adjourned the hearing of a case filed by M/s Falcon Trading Company Lahore against the Regional Tax Office-II (RTO-II) until the next hearing.
According to the details, FTO Advisor Tariq Yousaf heard the case filed by M/s Falcon Trading Company in which the counsel for the appellant argued that the Regional Tax Office (RTO) had failed to release the sales tax refund of the last two years claimed by the company.
He said that the RTO collected excessive tax from M/s Falcon Trading Company during the last two years. They approached the commissioner concerned many times for issuance of refunds but the RTO officials did not pay the refunds 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-II to clear the refund claims.
The counsel further said that the RTO should refund the excess collection in wake of taxes by the end of financial year but the situation is quite otherwise. Delay in issuance of refunds put burden on the taxpayers, he said, adding that the RTO should make audit of the cases and release the extra amount collected by it from the taxpayers.
On the other hand, counsel for RTO argued that the appellant M/s Falcon Trading Company has not submitted all record in the office on which basis it is claiming for refunds. If appellant provides accurate record, the RTO will issue the refunds if any after proper assessment.
After hearing the arguments from both sides, Adviser Tariq Yousaf adjourned the case until for further hearing and directed the parties to appear on said date to present arguments in the case.
