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FBR I&I nabs owner of M/s Panwar Rama Electric involved in tax evasion

FBR I&I nabs owner of M/s Panwar Rama Electric involved in tax evasion

ISLAMABAD: Federal Board of Revenue’s (FBR) Directorate General Intelligence and Investigation-Inland Revenue (IR) has arrested Shiekh Owais Ashraf, owner of M/s Panwar Rama Electric, allegedly involved in sales tax evasion.

Official sources told Customs Today that Shiekh Owais Ashraf and his partner Iqbal Ashraf were involved in sales tax evasion while the accused also used the code number of income tax commissioner Rawalpindi and defrauded the income tax department.

Sources said that team of Directorate General Intelligence and Investigation Inland Revenue raided Shiekh Owais Ashraf’s shop situated on Iqbal Road, Rawalpindi and arrested him, while his partner Iqbal Ashraf is still at large. The raided team also took the record of this shop into custody.

It is important to mention here that Directorate General Intelligence and Investigation IR also produced the arrested accused before the District and Sessions Judge Rawalpindi and got his physical remand of seven days.

Sources added that Directorate General Intelligence and Investigation also raided six others garment shops involved in  sales tax evasion on Iqbal Road and took the record into custody.