The Federal Board of Revenue (FBR) has decided to withdraw the powers of Alternative Dispute Resolution Committees (ADRCs) for disposal of applications filed by the private sector within 30 days. In this connection, the FBR on Saturday revised the Alternative Dispute Resolution procedure through amendment in the Income Tax Rules 2002.
According to the proposed amendment, the ADRCs would not be bound to dispose of applications of the registered persons for resolution of disputes within the prescribed period of 30 days. Resultantly, the binding on committees to decide a case in 30 days has been withdrawn by the FBR.
The FBR has given 15 days period to the stakeholders to comment on the issue. Any viable suggestion received from any person, in respect of the said draft before the expiry of 15 days, shall be considered by the FBR. As per SRO.316 (I)/2011 issued here on Saturday, the FBR has proposed to omit sub-rule (6) of rule 231C of the Income Tax Rules 2002.
Under the existing ARDC procedure, an application filed under this rule may be disposed of by the Committee within thirty days. Provided that the time so specified may, if requested by the Chairman of the Committee for reasons to be recorded in the request, be extended by the Board to such extent and subject to such conditions and limitations as it may deem proper. The FBR will take away the said powers of the committee to give their reports on the resolution of tax related disputes within 30 days' time period, sources added.
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