Staff Reporter Islamabad
Payment of Total Assessed Demand for Filing of Appeal-FBR Clarifies Misleading News
Federal Board of Revenue has issued a clarification on a news story appearing in Daily Times wrongly portraying that “a proposed amendment in the Finance Bill, 2021 makes it mandatory to make payment of total assessed demand for filing of first appeal.”
FBR has explained the relevant section of the enforced law to remove the existing confusion in this regard.
The fact remains that the law relating to clearing of admitted tax liability that the taxpayer himself has worked out, on the basis of returned income, as a sine qua non condition for filing of appeal, has always been on the statute book and it has not been changed and no such thing requiring payment of assessed tax demand for filing of first appeal has been proposed to be added by the Finance Bill, 2021.
FBR has further clarified that the only change that has been proposed in the Finance Bill is to substitute the sub-section just to correctly re-number the clauses of sub-section (4) of section 127 of the Income Tax Ordinance 2001. FBR has clarified the misunderstanding through a hypothetical illustration.
