Monday , June 25 2018
Breaking News
Home / Lahore / M/s Three Star Enterprises adjourned into next date
M/s Three Star Enterprises adjourned into next date

M/s Three Star Enterprises adjourned into next date

LAHORE: Federal Tax Ombudsman (FTO) Consultant Tariq Yousaf has adjourned the hearing of a case filed by M/s Three Star Enterprises against Regional Tax Office-II (RTO-II), Lahore until the next hearing. Same case will be heard in the month of September.

According to the details, FTO Consultant heard the case of M/s Three Star Enterprises in which the counsel for the appellant argued that RTO-II had failed to release the refund to the appellant of the last three years.

He said that the RTO collected excessive tax from the company during the last three years. He approached the officers concerned many time for issuance of the refunds but the RTO-II officials did not pay the refunds after the passage of reasonable time.

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

The counsel further said that the delay in issuance of refund claims put burden on the taxpayers, adding that RTO should make audit of the cases and release the extra amount collected by it from the taxpayer.

On the other hand, counsel for RTO argued that the appellant has not submitted all record in the office on which basis it is claiming for refunds. If appellant provides accurate record, the RTO-II will issue the refunds if any after proper assessment, he added.

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