AIRLINK 74.25 Decreased By ▼ -0.31 (-0.42%)
BOP 5.05 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.44 Decreased By ▼ -0.02 (-0.45%)
DFML 41.45 Increased By ▲ 1.72 (4.33%)
DGKC 87.80 Increased By ▲ 0.25 (0.29%)
FCCL 21.94 Increased By ▲ 0.01 (0.05%)
FFBL 34.43 Decreased By ▼ -0.16 (-0.46%)
FFL 9.99 Increased By ▲ 0.24 (2.46%)
GGL 10.50 Increased By ▲ 0.01 (0.1%)
HBL 113.60 Decreased By ▼ -0.19 (-0.17%)
HUBC 136.00 Decreased By ▼ -0.52 (-0.38%)
HUMNL 11.90 Increased By ▲ 1.00 (9.17%)
KEL 4.85 Increased By ▲ 0.18 (3.85%)
KOSM 4.60 Decreased By ▼ -0.04 (-0.86%)
MLCF 38.39 Decreased By ▼ -0.07 (-0.18%)
OGDC 135.85 Decreased By ▼ -0.29 (-0.21%)
PAEL 26.90 Increased By ▲ 0.29 (1.09%)
PIAA 20.80 Decreased By ▼ -1.69 (-7.51%)
PIBTL 6.72 Increased By ▲ 0.05 (0.75%)
PPL 122.63 Increased By ▲ 0.34 (0.28%)
PRL 26.96 Decreased By ▼ -0.01 (-0.04%)
PTC 14.46 Increased By ▲ 0.55 (3.95%)
SEARL 59.70 Decreased By ▼ -0.17 (-0.28%)
SNGP 70.02 Decreased By ▼ -0.04 (-0.06%)
SSGC 10.35 No Change ▼ 0.00 (0%)
TELE 8.58 Increased By ▲ 0.04 (0.47%)
TPLP 11.22 Decreased By ▼ -0.12 (-1.06%)
TRG 65.33 Decreased By ▼ -0.67 (-1.02%)
UNITY 26.12 Decreased By ▼ -0.21 (-0.8%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
BR100 7,860 Increased By 35.4 (0.45%)
BR30 25,415 Increased By 9.3 (0.04%)
KSE100 75,298 Increased By 213.5 (0.28%)
KSE30 24,186 Increased By 92.6 (0.38%)

ISLAMABAD: The Federal Tax Ombudsman (FTO) has declared that the advisors in the FTO Office follow professional conduct with devotion, objectivity, and an unbiased approach while deciding cases.

In the latest order issued in the case of IESCO, the FTO held that there is no order on record by any Court/Tribunal establishing that the Large Tax Office (LTO) resorted to coercive action for the recovery of tax through illegal notice under section 48 of the Sales Tax Act, 1990.

In an application before the FTO it was contested that the sales tax adviser of the FTO Office has ignored/skipped the root cause of the complaint despite (mechanically) recording crux of the matter in the order. The arguments also recorded in note sheets (not provided despite repeated requests) and binding verdicts provided have been disregarded for some unknown reasons.

The FTO order states, allegation that the advisor while examining the case and preparing draft recommendations intentionally misread or not read evidence and binding verdicts of the superior judiciary with a view to protect “some rogue elements working in the FBR, who happen to be past time friends,” suffice it say that the advisors in FTO Office follow professional conduct with devotion, objectivity and unbiased approach.

Copyright Business Recorder, 2024

Comments

Comments are closed.