FBR failed to meet revenue target for 2011-12: LTBA President

President, Lahore Tax Bar Association (LTBA), Zahid Attiq Chaudhry has claimed that the Federal Board of Revenue (FBR) has failed to meet its revenue collection target of Rs 1952 billion for the year 2011-12, despite using all tactics.
In a statement issued here on Wednesday, he said that the Board had hardly collected Rs 1907 billion till June 30, 2012. He said that the Board had collected this amount by holding refunds for the last four months and certain other steps ignoring the rules and regulations. Zahid Attiq Chaudhry feared that the taxpayers would go to the courts against the FBR and the Board had to pay back the amounts collected from the taxpayers.