RS 1.2 Billion Recovered by FBR from KP Highways Authority
ISLAMABAD, January 30, 2023- Peshawar Regional Tax Office (RTO) has recovered Rs. 1,218 billion from Pakhtunkhwa Highways Authority bank accounts.
According to the reports, the money recovered resulted from an audit covering tax years 2017 and 2018. Previously, the Federal Board of Revenue (FBR) issued recovery notices under section 138 of the Income Tax Ordinance against demand notices; however, the taxpayer failed to deposit the same and filed an appeal with Commissioner Appeals, Peshawar; however, Commissioner Appeals rejected the taxpayer’s appeal.
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Following the denial of appeals, the recovery was performed pursuant to section 40 of the 2001 Income Tax Ordinance.
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