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 postpones hearing of case filed by M/s M/s Mansoor Paint Industries seeking refund

bySajid Nawaz
07/07/2017
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: The Federal Tax Ombudsman (FTO), Consultant Tariq Yosaf has heard the tax refund case filed by M/s Mansoor Paint Industries against the Regional Tax Office, (RTO-II) Lahore until the next date of hearing.

According to the details the counsel for the appellant said that RTO-II collected excessive tax from the company during the last two years. The petitioner approached the officials concerned several times for issuance of the refunds, but the RTO officials failed to clear the refunds after the passage of reasonable time.

You might also like

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

25/08/2026

PSW, PAA sign MoU to digitalize air cargo charge collection

25/08/2026

At the end, the appellant 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 delay in issuance of refunds put burden on the taxpayers, adding that the RTO-II should make audit of the cases and release the extra amount collected by it from the taxpayer.

On the other hand, counsel for RTO-II argued that the appellant has not submitted all record in the office for claiming refunds.

After hearing the arguments from both sides, FTO adjourned the case of M/s Mansoor Paint Industries until next date for further hearing and directed the parties to appear before him on said date to present arguments in the case.

Related Stories

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

byCT Report
25/08/2026

LAHORE: Pakistan’s northern trade gateway witnessed record-breaking performance, with Customs authorities collecting nearly Rs15 billion in revenue from imports through...

PSW, PAA sign MoU to digitalize air cargo charge collection

byCT Report
25/08/2026

ISLAMABAD: The Pakistan Single Window (PSW) and the Pakistan Airports Authority (PAA) have signed a Memorandum of Understanding to digitalize...

State Bank reveals cost of printing Rs5,000, Rs1,000 currency notes

byCT Report
25/08/2026

KARACHI: Producing a Rs5,000 or Rs1,000 currency note costs Rs14, State Bank of Pakistan officials told the Senate Standing Committee...

Pakistan receives over $763m in external assistance in July

byCT Report
25/08/2026

ISLAMABAD: Pakistan received more than $763 million in external financial assistance during July, the first month of the current fiscal...

Next Post

Load shedding for Industry to go by end of November: IESCO chief

  • 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.