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ATIR dismisses appeal against taxpayer

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR), Lahore Bench, has dismissed an appeal filed by the Commissioner against a taxpayer, while sharply criticising the tax department for pursuing litigation in a “mechanical manner without application of mind.” The case originated when the Officer Inland Revenue, acting on third-party…

PD to seek ECC nod on Foreign Supplier Import Policy

ISLAMABAD: The Petroleum Division (PD) is set to seek approval of long-awaited Policy Guidelines on “Import on Foreign Supplier’s Account through Customs Bonded Storage Facilities” from the Economic Coordination Committee (ECC) of the Cabinet, along with divergent views of Federal Board of Revenue (FBR).

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