LAHORE: The Federal Tax Ombudsman (FTO) has heard an appeal filed by M/s Millennium Textile Mills against Corporate Regional Tax Office (CRTO) and put off the hearing until the next date. FTO seeks final arguments from parties.
FTO Adviser Mian Munawar Ghafoor heard the case in which counsel for 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 that the RTO has been collecting excessive taxes from the last two years. He approached the commissioner concerned many times for release of refunds but the CRTO officials did not entertain the requests even after the passage of a reasonable time.
At the end, the company decided to approach the FTO seeking his intervention in this case. The counsel appealed the FTO advisor to direct the CRTO to clear the refund claims.
The counsel further said that 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, FTO advisor Mian Munawar Ghafoor adjourned the case by M/s Millennium Textile Mills the next date for further hearing and directed the parties to appear on said date to present arguments in the case. The FTO will hear the case after two weeks, informed the parties.
