Tax evasion: LTU may initiate litigation against leading cigarette co.

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ISLAMABAD Large Taxpayers Unit (LTU), Karachi is contemplating to initiate criminal proceedings against one of the leading cigarette manufacturers in customs court, due to massive tax evasion, sources say. The cigarette manufacturer, which paid Rs 25 billion tax in last fiscal year, has deposited only Rs 12 billion in current financial year, sources said. LTU Read More