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 seeks relevant record to conclude case

bySajid Nawaz
22/03/2018
in Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: The Federal Tax Ombudsman (FTO) sought relevant record to conclude case from the parties and put off the hearing of a case filed by proprietor of M/s Umer Farooq & Company Pattoki against the Regional Tax Office-II (RTO-II) until the next date.

FTO Advisor Haji Ahmed heard the case of proprietors M/s Umer Farooq & Company, in which counsel for the appellant argued that the RTO had failed to release the sales tax refund of the last two years.

You might also like

PM Shehbaz approves refining policy changes to upgrade Pakistan’s oil refineries

28/07/2026

FBR issues special tax scheme for small retailers

28/07/2026

He said the RTO-II had been collecting excessive tax from the company for the last two years. They approached the commissioner concerned many times for release of refunds but RTO-II officials did not entertain the case of refunds after the passage of reasonable time.

At the end, the company decided to approach the FTO seeking intervention in this case. The counsel appealed the FTO advisor to direct the RTO-II to clear the refund claims.

The counsel further said the RTO should refund the excess collection by the end of financial year but the situation is quite otherwise. Delay in release of refunds puts the burden on the taxpayer, he said, 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 RTO argued that the appellant has not submitted all the record in the office on which basis it is claiming for refunds. If appellant provides an accurate record, the RTO will release the refunds, if any, after a proper assessment. After hearing the arguments from both sides, the FTO seeks relevant record to conclude case.

Related Stories

PM Shehbaz approves refining policy changes to upgrade Pakistan’s oil refineries

byCT Report
28/07/2026

ISLAMABAD: The Cabinet Committee on Energy, chaired by Prime Minister Shehbaz Sharif, has approved proposed amendments to the Pakistan Oil...

FBR issues special tax scheme for small retailers

byCT Report
28/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a notification introducing a special tax procedure for small retailers. According...

S&P Global expects State Bank to keep cautious monetary stance despite economic gains

byCT Report
28/07/2026

ISLAMABAD: Pakistan's improving economic indicators are unlikely to trigger an immediate shift in monetary policy, with the State Bank of...

PICT enters logistics business as part of expansion strategy

byCT Report
27/07/2026

KARACHI: Pakistan International Container Terminal Limited (PICT) has entered the logistics services business as part of its future business plan...

Next Post

SHC orders ASO Preventive to release Toyota Hiace van

  • 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.