Quantcast
Thursday , October 19 2017
Breaking News
Home / Lahore / FTO postpones hearing of case filed by M/s Falcon Trading Company
FTO postpones hearing of case filed by M/s Falcon Trading Company

FTO postpones hearing of case filed by M/s Falcon Trading Company

LAHORE: The Federal Tax Ombudsman (FTO) has heard an appeal filed by proprietor of Falcon Trading Company against Corporate Regional Tax Office (CRTO) Lahore until the next date.

According to details, FTO Consultant Tariq Yousaf heard the case in which the counsel for the appellant argued that the Corporate Regional Tax Office (CRTO) had failed to release the tax refunds of the last two years claimed by the company.

He said that the RTO collected excessive tax from Malik Munawar Ahmed, proprietor of M/s Falcon Trading Company during the last two years. He approached the commissioner concerned many times for issuance of refunds but the CRTO officials did not pay the refunds 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 advisor to direct the CRTO to clear the refund claims.

On the other side the counsel of the complainant said that CRTO ready to solve the case complainant should be providing the details of record.

After hearing the arguments from both sides, Advisor Tariq Yousaf adjourned the case until next date for further hearing and directed the parties to appear on said date to present arguments in the case.