LAHORE MIRROR — The Punjab Revenue Authority (PRA) Rawalpindi Commissionerate has unearthed tax evasion worth billions in a raid at Eighteen Housing Scheme, a well-known project situated in Rawalpindi.
The scheme has covered area over 600 acres with 976 apartments, 1068 villas of 0.5 to 8 kanals along with a five-star hotel, a golf club and other mega facilities.
According to a PRA spokesperson, upon proper investigation and discovering the tax embezzlement a team of Enforcement Officers consisting of Sobia Anum, Arsalan Tariq and Adeel Ahsan were instructed by Commissioner and Additional Commissioner Tauqeer Ahmed PRA Rawalpindi, to raid their Rawalpindi office and confiscate tax relevant record.
Upon preliminary investigation of the record a tax evasion/ tax fraud worth Rs.9 billions was discovered and has been confronted along with 100% penalty to the Eighteen Housing Scheme through show cause notice, which is to be deposited in PRA account in due time.
Formal investigation has been launched. Upon completion of the inquiry, proceedings under the law for tax evasion and fraud shall be initiated against the eighteen-housing scheme as well as its co-conspirators.
