FBR Recovers Rs. 1.2 Billion from Pakhtunkhwa Highways Authority

The Regional Tax Office (RTO) Peshawar has recovered Rs. 1.218 billion from Pakhtunkhwa Highways Authority bank accounts.

The amount recovered, according to the details, was based on an audit for the tax years 2017 and 2018.

Previously, the Federal Board of Revenue (FBR) issued recovery notices against demand notices under section 138 of the Income Tax Ordinance, but the taxpayer failed to deposit the same and filed an appeal before the Commissioner Appeals, Peshawar, but the appeal was dismissed by the Commissioner Appeals.

The recovery was made under section 40 of the Income Tax Ordinance, 2001 after the appeals were dismissed.

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