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FTO reserve verdict of appeal filed by M/s Prime Paper Mills

FTO reserve verdict of appeal filed by M/s Prime Paper Mills

LAHORE: Federal Tax Ombudsman (FTO) Advisor Mian Munawar Ghafoor has reserved a verdict of a tax refund appeal filed by proprietors of M/s Prime Paper Mills against the Regional Tax Office (RTO-II) Lahore.

During the proceedings of the case, the counsel for the appellant argued that the RTO-II had failed to release the sales tax refund to the appellant since the last two years.

He said the RTO-II collected excessive taxes from the company during the last two years. The petitioner has approached the officials concerned several times for the release of refunds, but the RTO-II officials failed to clear refunds after the passage of a reasonable time.

Finally, the appellant decided to approach the FTO seeking intervention in this case. The counsel appealed the FTO advisor to direct the RTO-II to clear the refund claims.

The counsel further said that delay in release of refunds put burden on taxpayers, adding that the RTO-II should make audit of the case and release the extra amount collected by it from the taxpayer.

On the other hand, counsel for RTO-II argued that the appellant has not submitted all record to the office for claiming refunds. If appellant provides the accurate record, the RTO-II will release refunds after a proper assessment, he added.

After hearing the arguments from both appellant and respondent sides, advisor for FTO Mian Munawar Ghafoor has reserved the verdicts in appeal filed by the proprietors M/s Prime Paper Mills. The verdict will be announced later on.