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Home Breaking News

Rs250b tax cases disposed in 2Q FY21: FBR

byCT Report
03/02/2021
in Breaking News, Islamabad, Latest News
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ISLAMABAD: The Federal Board of Revenue (FBR) has disposed of 2,174 cases involving tax amount of over Rs250 billion in the second quarter of the current fiscal year (Q2FY21).

According to data released by the FBR, 934 tax cases have been disposed of by high courts and the SC with the revenue involved amounting to Rs81.7bn in the last quarter (2QFY21), while 1,240 cases with the revenue involving Rs168.5bn were decided by the Appellate Tribunal Inland Revenue during the same period.

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The move will help the government achieve the annual tax collection target as litigation cases run into billions.

On FBR’s request, special benches for the hearing of tax cases have been constituted by Sindh, Lahore and Islamabad high courts for early hearings and speedy disposal of tax-related cases. In addition to that, a new policy has been introduced for the induction of competent lawyers so that government revenue is not left at the stake of amateur lawyers.

The FBR has also launched the simplified process at the first appeal i.e. commissioners appeals level by implementing the e-filing of appeals since Jan 1, 2021.

So far, on application by the taxpayers, 18 committees have started working for the resolution of cases, while it has also directed for taxpayers’ application to be finalised within a period of 120 days.

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