ISLAMABAD: The Directorate of Internal Audit-Inland Revenue of the Federal Board of Revenue (FBR) in Karachi has detected a case of tax fraud involving a revenue loss of more than Rs1 billion and launched an investigation against the potential beneficiaries of this fraud.

The Karachi-based office of the internal audit lodged a First Investigation Report (FIR) against accused Nawab Zaman, who got sales tax registration on a fake company in FBR to commit the tax fraud on January 22, 2016.

An official of the audit department said that the accused person made a fake company named Tamnna Enterprises. Raids are being conducted for the arrest of culprits, he said, adding investigations have been launched on a massive scale to find the real beneficiaries of this fraud.

The case against the accused was filed in the court of special judge for customs, taxation, and anti-smuggling in Karachi under section 37 A read with section 37D of the Sales Tax Act 1990.

Published in Dawn,June 15th, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Out of control
Updated 19 Feb, 2025

Out of control

AS bodies continue to fall in Kurram despite a state-sanctioned ceasefire, one wonders how long local militants’...
Hollow words
19 Feb, 2025

Hollow words

IT is not uncommon for politicians to resort to the use of hyperbole in order to boost their public standing. ...
Migration matters
19 Feb, 2025

Migration matters

THE grass, it seems, did appear greener on the other side to millions of people as evidenced by the latest UN ...
Cholistan project
Updated 18 Feb, 2025

Cholistan project

GPI goals align with Pakistan's broader economic aims but the manner in which the initiative was launched raises questions.
Right to know
18 Feb, 2025

Right to know

IT is an unfortunate paradox that while on paper Pakistan has some of the most impressive right to information laws,...
Dam dispute
18 Feb, 2025

Dam dispute

THE situation in Chilas needs attention and a fair-minded approach so that it can be resolved amicably. Diamer ...