(Karachi P.R. 17th May, 2017) Mr. Shakil Dhingra, Chairman Standing Committee FPCCI on FBR Affairs held a meeting under the Chairmanship of Mr. Rehmatullah Khan Wazir, Member Inland Revenue (Operation) Federal Board of Revenue (FBR) at Large Taxpayer Unit (LTU) for the formation of Alternate Dispute Resolution Committees and it was agreed upon that members who opt for their decisions through ADRC their recovery proceedings will be stopped immediately on filing of application for ADRC decision.
Commissioner LTU further assured that no audit will be conducted of those importers, salaried persons, indenters; rental income where payment is received in full and final, in case of some clarification required it will be restricted to that particular item. However immediate withdrawal of the audit is also under consideration in case where an assessee files revised return with 25 % or 30% plus tax. FPCCI members should avail this opportunity.
(MAHER ALAM KHAN)
Acting Secretary General