During this fiscal year, FBR has to achieve a huge revenue target of Rs. 1952 billion. Significant efforts are being made by the field formations to increase the pace and quantum of collection.
Recently, RTO, Lahore has recovered a huge amount of tax arrears from LESCO. In a bold move, the tax authorities seized the bank accounts of LESCO and collected over 2300 million rupees in a single day on 27 March 2012.
On March 28 2012, LESCO moved an application for stay against the recovery measures before the Lahore High Court. Arguing for the revenue, the Law Officer of the RTO, Lahore Mr. Zain Ul Abidin Sahi, Additional Commissioner apprised the court regarding defiant and non-cooperative attitude of LESCO. He stated that writ of the law needs to be established. Evasive attitude of taxpayers is to be discouraged at all levels since it deprives the society of valuable resources, needed for socio-economic uplift.
The court acknowledged the right of the tax authorities to enforce compliance and dismissed the petition of LESCO. The judgment has sent a strong signal to all defaulters that non-compliance and delaying tactics of the yesteryears have no place in the present milieu.
