LAHORE: The Federal Tax Ombudsman (FTO) has reserved the verdict in an appeal filed by M/s Amber Capacitors (Private) Limited till the next date of hearing. The refund case was filed before the FTO against Corporate Regional Tax Office (CRTO) Lahore.
As per details, FTO Advisor Mian Munawar Ghafoor heard the complaint in which the counsel for the appellant argued that the CRTO has not released the refund to the appellant for the last two years.
He said that the CRTO collected excessive tax from the appellant during the last two years. The company approached the officer concerned many times for issuance of refunds but the department did not pay the refunds after the passage of a reasonable time.
Finally, the appellant decided to approach the Federal Tax Ombudsman (FTO), seeking interference in this case. The counsel appealed the FTO advisor to direct the commissioner of CRTO 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 should make audit of the cases and release the extra amount collected by it from the taxpayer.
On the other hand, counsel for the CRTO argued that the appellant has not submitted all the record in the office on the basis of which it is claiming refund. If appellant provides accurate record, the CRTO will release the refunds, if any, after a proper assessment, he maintained. After hearing the arguments from both sides, Advisor of FTO reserved verdict of the case which will be announced later.
