FBR confiscating ‘benami’ motor vehicles
Business
February 9, 2021
KARACHI: The Federal Board of Revenue (FBR) has started confiscating benami vehicles following an order passed by an appellate forum in favor of the tax authorities, sources said on Monday.
The sources said that the Karachi Benami Zone had filed references in 20 benami vehicles last year before the adjudicating authority. The benami adjudicating authority, the first appellate forum, recently passed an order in favour of the tax authorities giving them a go-ahead for confiscating the motor vehicles where beneficial owners were different from the purchasers of the motor vehicles.
The sources said following an order passed by the benami adjudicating authority the aggrieved persons had the opportunity to file an appeal before the appellate tribunal inland revenue. However, none of the purchaser or beneficial owners filed an appeal before the next judicial forum against the order within stipulated time period, t
FBR has started an operation in Karachi for confiscating unregistered vehicles in the region. The said operation is reportedly being carried out under the