LAHORE: The Federal Tax Ombudsman (FTO) consultant has adjourned the hearing of a case filed by M/s Hameed Steel Mills against the Regional Tax Office (RTO), Gujranwala, until the next hearing. FTO will hear the case after one week.
Consultant Tariq Yousaf heard the case in which counsel for the appellant argued that the RTO had failed to release the sales tax refund of the last two years claimed by the company.
He said the RTO collecting excessive tax from M/s Hameed Steel Mills for the last two years. He approached the commissioner concerned many times for issuance of refunds but the RTO officials did not pay refunds even after the passage of reasonable time.
At the end, the company decided to approach the FTO seeking interference in this case. The counsel appealed the FTO consultant to direct the RTO to clear refund claims. The counsel further said the RTO should refund the excessive collection in the wake of taxes by the end of financial year but the situation is quite otherwise.
After hearing arguments from both sides, FTO Consultant Tariq Yousaf adjourned the case until next date for further hearing and directed the parties to appear on said date to present arguments.