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FTO reserves verdict in tax refund appeal filed by M/s Khokhar Traders against RTO-II

FTO reserves verdict in tax refund appeal filed by M/s Khokhar Traders against RTO-II

LAHORE: The Federal Tax Ombudsman (FTO) on Friday heard a tax refund appeal filed by M/s Khokhar Traders against Regional Tax Office (RTO) Lahore and reserved the verdict after counsels of both parties concluded arguments.

According to the details, FTO advisor Mian Munawar Ghafoor heard the case in which the counsel for the appellant argued that the Regional Tax Office-II RTO-II had failed to release the tax refund of the last two years claimed by the company.

He said that the RTO collected excessive tax 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 Regional Tax Office to clear the refund claims. He prayed before the court to order RTO-II to release tax refund.

Delay in issuance of refunds put burden on the taxpayers, he said, adding that the CRTO Lahore should make audit of the case and release the extra amount collected by it from the taxpayer. After hearing the arguments from both sides reserved the verdict of the case which will be announced soon.