ISLAMABAD: As the country’s tax machinery has been struggling to achieve revenue target for many years, tens of billions of rupees worth of genuine tax claims remain unrecovered because of lack of institutional support, poor follow up and connivance of the tax authorities with the tax evaders.
Informed sources say that a lot of cases end up in courts every year and a huge amount is lost due to long delays and transfer of responsibility from one formation to another and from one institution to another.
At a recent meeting, the director general of Customs internal audit reported to the top management that at least 14 cases involving Rs63 billion required a push from the top management of the Federal Board of Revenue. Of them, three big revenue loss cases in gold and jewellery sector…
