FBR Activates Dispute Resolution Forum; ADRC Panels For 15 Cities Notified
Faizan Hashmi Published March 29, 2017 | 11:05 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th Mar, 2017 ) : Federal board of Revenue (FBR) on the advice of Tax Reforms Commission has activated the forum for Alternate Dispute Resolution (ADRC) under the existing legal framework.
The forum was activated in view of the fact that presently 27,000 appeals are pending before Appellate Tribunal Inland Revenue (ATIR) and 5,000 cases before the Customs Tribunal. It may be added that approximately 13,000 cases are pending before various High Courts while around Rs 300 billion revenue is stuck up in appeals, said a statement issued here on Wednesday.
Realizing the enormity of huge stock of appeals and gigantic target for the last quarter of fiscal year 2016-2017, FBR has notified panels of professionals including members of civil society having impeccable integrity.
Alternate Dispute Resolution Committees ADRCs shall be formed within 60 days of receipt of application from taxpayers. The ADRCs shall furnish its recommendation within 90 working days. The recommendations of ADRCs shall be assented or otherwise by FBR within 90 days and if no decision is taken by FBR after the expiry of 90 days, the recommendation of ADRCs shall be binding.
In this connection ADRC panels for 15 cities have been notified which will be helpful in resolving pending tax disputes through alternate dispute resolution mechanism. The Tax Reform Commission had played pivotal role in activating these forums which were dormant since more than one decade.
Related Topics
Recent Stories
IHC adjourns PTI founder, Qureshi's appeal till Thursday
CDWP recommends 3 projects to ECNEC for approval
Tarar assures APNS to resolve issues of newspaper industry
Pakistan urged to capitalize on economic stability, for Tobacco Tax Reforms
N. Macedonia polls set to upend ties with EU neighbours
Croatia's ruling party reaches coalition deal with right wing
Bayern coach Tuchel makes three changes for Madrid showdown
Olympic flame arrives on French soil for Paris Games
Punjab Finance Minister announces expansion of Social Protection Authority's man ..
Kenya inks deal to end doctors' strike
Brazil flooding death toll reaches 100
Lebanon security source says five killed in Israeli strikes on south
More Stories From Pakistan
-
Property dispute claims life
6 hours ago -
Motorcyclist killed in road mishap
6 hours ago -
Vehicle lifter arrested, 30 motorcycles recovered: SP Lyallpur Town
7 hours ago -
Using politics as cover to harm national institutions not acceptable: GB CM
7 hours ago -
Shuhada Solidarity Convention tomorrow
7 hours ago -
Using politics as cover to harm national institutions not acceptable: GB CM
7 hours ago
-
PM draws line between national heroes and traitors on May 9
7 hours ago -
IHC adjourns PTI founder, Qureshi's appeal till Thursday
7 hours ago -
Tarar assures APNS to resolve issues of newspaper industry
7 hours ago -
Commissioner forms 4 member committee to determine milk price
7 hours ago -
Secy religious affairs, Saudi ambassador review Hajj preparations
8 hours ago -
Police crackdown on criminals in Bahawalnagar
8 hours ago