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Commissioner Inland Revenue asked to avoid annulment of orders


Commissioner Inland Revenue asked to avoid annulment of orders
Business
February 21, 2021
KARACHI: The Federal Board of Revenue (FBR) issued instructions to Commissioner Inland Revenue (Appeals) for avoiding annulment of orders in a bid to control the first appellate forum available to taxpayers, it was learnt on Saturday.
The office of CIR (Appeals) is the first appellate forum available to taxpayers where they seek remedy against orders passed by tax officers.
The FBR, through a letter dated February 15, 2021, issued directives to CIRs (Appeals) to avoid unnecessary annulment of orders with directions.
The CIRs have been authorised to exercise powers under Income Tax Ordinance, 2001, Sales Tax Act, 1990 and Federal Excise Act, 2005 for grievance redressal of taxpayers against adverse orders passed by IR officers. Through the letter, the FBR noted: “… frequent annulled with directions orders will reflect adversely on the performance of the officers.� ....

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Union Budget 2021 | Focus On Growth, Look At Fiscal Management From A 3-year Perspective: CII To FM Nirmala Sitharaman


Union Budget 2021 | Focus on growth, look at fiscal management from a 3-year perspective: CII to FM Nirmala Sitharaman
The CII, in its recommendations for Union Budget 2021 to Finance Minister Nirmala Sitharaman, has said the government expenditure should be prioritised in three areas: infrastructure, healthcare, and sustainability, and that disinvestment and monetisation of assets can bring in revenues at a time when tax revenues have fallen sharply.
December 16, 2020 / 09:30 AM IST
The Confederation of Indian Industry (CII) has forwarded a three-pronged strategy for Union Budget 2021, centering around the key themes of growth, fiscal consolidation, and strengthening of the financial sector targeted to overcome the impact of the COVID-19 pandemic on the economy. ....

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