LAHORE: The Federal Tax Ombudsman (FTO) has heard an appeal filed by M/s Fazal Chemical against Corporate Regional Tax Office (CRTO) and put off the hearing until the next date.
FTO Adviser Mian Munawar Ghafoor heard the case in which counsel for the appellant argued that the CRTO has failed to release the tax refunds for the last two years.
He said that the CRTO had been collecting excessive taxes from M/s Fazal Chemical for the last two years. He approached the commissioner concerned many a time 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.
After hearing the arguments from both sides, FTO advisor Mian Munawar Ghafoor adjourned the case by the next date for further hearing and directed the parties to appear on said date to present arguments in the case.
