Federal Board of Revenue (FBR) has started tightening the noose around persons, involved in investing millions in the names of their employees for concealing income and depriving exchequer of due amount of tax. In its latest action, the tax department (Zone-III CRTO) has got arrest warrants against Muhammad Amir Sodagar (employee) and the owner of an automobile company after completing legal formalities.
Sources said that special judge (customs and taxation) has now granted arrest warrants for both persons and added that Amir was already in custody however the owner of the automobile company appeared absconder since the issuance of his arrest warrant.
Sources were optimistic that the owner might appear before competent authority on January 18, 2019 (today) for getting bail against the surety of Rs. 1 million.
Replying to a question, sources said that FBR had now adopted zero-tolerance policy against the persons involved in investing millions in the names of employees for concealing income and depriving exchequer from due amount of tax and hoped that tax department would unearth more such cases in coming days. The owner of the automobile company could not be reached for his comments.
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