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Benami properties: Govt to introduce ordinance for speedy prosecution - Zameen News

Benami properties: Govt to introduce ordinance for speedy prosecution

October 16, 2019 • news

Islamabad: The Federal Board of Revenue Chairman Shabbar Zaidi has announced that the government will introduce another ordinance to speed up the prosecution of cases against benami properties – a news source reported.

Read: Benami accounts: FBR asks PBA to update KYC/CDD requirements

Zaidi was talking to the media after a meeting of the subcommittee of Public Accounts Committee. Earlier in the meeting they reviewed the objections on the audit of 1999 to 2001, and 2004 to 2005.

FBR was instructed to try and resolve the objections through a Departmental Accounts Committee (DAC) before bringing it to the PAC subcommittee. They were also directed to prioritize the resolution of audit paras that are nearly 20 years old since that can help raise revenue for the FBR.

Read: FBR to brief PM on tax reforms, benami properties

Chairman FBR told the committee that there are a lot of cases pending in court, and that a relevant report has been submitted to the attorney general for a quick resolution.