ProPropertyNewsKPHA Receives Relief from Appellate Tribunal Over Rs 1.247bn Deduction

KPHA Receives Relief from Appellate Tribunal Over Rs 1.247bn Deduction

PESHAWAR: Khyber Pakhtunkhwa Highway Authority (KPHA) has received relief from the Appellate Tribunal Inland Revenue, which has ordered the Chief Commissioner Inland Revenue (RTO) Peshawar to refund the deducted amount of Rs 1.247 billion within 15 days.

According to sources, KPHA had filed an appeal against the Inland Revenue Regional Tax Office (RTO) Peshawar for deducting the amount from its fund.

The tribunal directed the Revenue Department to act prudently and respect the taxpayers’ contribution to national development.

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KPHA’s Managing Director expressed gratitude to the Appellate Tribunal for providing relief to the department by issuing the directive to refund the deducted amount.

The deduction had caused a financial collapse of the province’s only Highways Development Organization, he added.

The officials of KPHA stated that the tribunal’s order to refund the deducted amount would help in reducing the financial burden on KPHA, which will help in the timely completion of ongoing projects.

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