LAHORE: The Federal Tax Ombudsman (FTO) has postponed the hearing of a case filed by M/s Madina Steel Casting Mills against the Regional Tax Office (RTO) Gujranwala until the next hearing on Wednesday.
According to the details, FTO Advisor Mian Munawar Ghafoor heard the case in which the counsel for the appellant argued that the RTO Gujranwala has not released the refund to the appellant of the last two years.
He said that the RTO Gujranwala collected excessive tax from the appellant during the last two years. The company approached the officer concerned many times for issuance of the refunds but the department did not pay the refunds after the passage of a reasonable time.
Finally, the appellant decided to approach the Federal Tax Ombudsman (FTO), seeking interference in this case. The counsel appealed the FTO advisor to direct the commissioner of RTO Gujranwala to clear the refund claims.
The counsel further said that the delay in issuance of refunds put burden on the taxpayers, adding that the RTO should make audit of the cases and release the extra amount collected by it from the taxpayer.
On the other hand, counsel for the RTO argued that the appellant has not submitted all record in the office on basis of which it is claiming for refunds. If appellant provides accurate record, the RTO will issue the refunds if any after proper assessment, he added.
After hearing the arguments from both sides, Advisor Mian Munawar Ghafoor adjourned the case and directed the parties to appear on the next date of hearing to present arguments in the case.