KARACHI: The Federal Board of Revenue (FBR)’s wing, Directorate of Intelligence & Investigation-Inland Revenue (I&I-IR) in its ongoing actions against high net worth individuals has visited the business premises of Asian International Hair Transplant (AIHT) and confiscated the essential record.
‘In connections with the proceedings against high net worth individuals, credible information was gathered from field visit that the business activities of the famous hair transplant doctor were not commensurable with their declared versions,’ sources told Customnews.pk.
Sources privy to the matter told this scribe that it was further observed that name of lady, on which business is registered in FBR, was merely being used and the business is being run by her husband, who is most reputable and famous doctor in the fields of hair transplantation, Dr, Saeed Hanif.
Accordingly, special team, constituted by Directorate of I&I-IR, conducted an action under the U/S 175 of the Income Tax Ordinance, 2001on the principal business place of the taxpayer located at Asian International Skin Care and Hair Transplant, Mezzanine floor, Empire Square, Shaheed-e-Millat Road, Karachi on 26th of February 2016 with the prior approval of the Director, I&I-IR Karachi.
The team comprised for the purpose was consisted of two Deputy Directors (DDs), one Inland Revenue Audit Officer (IRAO) and one Inland Revenue Officer (IRO).
According to the details, team initially checked the available record at the premises of the business location and after the initial examination/scrutiny of record which was available at the location of the taxpayer, the team observed that the AIHT is involved in serious income tax evasions by hiding their original assets and the inspection strengthened the observations of I&I-IR. Consequently, the team kept the relevant data and resumed the evidence under proper record resumption memo without creating any harassment or exercising any extortion, sources added.
The team reported back to the office of Directorate of I&I-IR and the matter was reported and the resumed record was kept in safe custody, said sources.
Currently, the I&I-IR’s team is scrutinizing the date and available record of the AIHT’s business and after the examination of resumed record the team will decide to take further legal action under Income Tax Ordinance.
It is important to mention here that recently the FBR issued a directive to all regional directors of I&I-IR wings which are situated in Peshawar, Islamabad, Faisalabad, Lahore, Multan, Hyderabad and Karachi advising them to furnish updated information regarding high net worth individuals who are allegedly defaulters of billions of rupees in taxes by concealing their actual annual incomes in their tax returns.