Senator Saleem Mandviwala presided over a meeting of the Upper House Standing Committee on Finance today at Parliament House.
The committee was briefed on thousands of tax cases pending in Federal Board of Revenue courts (FBR). In this regard, FBR Chairman Asim Ahmad informed the panel that 76,349 cases totaling Rs. 2.33 trillion in tax revenue were pending across the country.
According to the chairman of the FBR, tax-related litigation totaling Rs. 1.4 trillion is currently pending in various tribunals. Meanwhile, tax cases worth at least Rs. 0.245 trillion have been frozen or are pending before the Islamabad High Court. The top courts in Islamabad and Lahore have identified a list of the top 100 major cases worth Rs. 0.150 trillion.
He informed the committee members that there are 63,600 pending cases in various tribunals. To help resolve these tax-related issues, the FBR chairman emphasized the importance of collaboration from all stakeholders, including taxpayers.
“For the speedy hearing of the cases, I have met the Chief Justice of Lahore and Islamabad High Courts. “Both High Courts have decided to form a special bench,” he said, adding that new lawyers are being hired at both courts high fees to clear court cases quickly.
The Senate Standing Committee directed that tax cases be recovered as soon as possible and suggested that all pending tax cases be settled out of court.