FBR launches alternative dispute resolution system.

The Federal Board of Revenue (FBR) has introduced a new system for alternative dispute resolution to resolve over 31,000 pending cases in various legal forums. The step has been taken to resolve Rs1,276-billion worth of tax revenue cases and help cover the Rs170-billion expected shortfall in FBR revenues. According to the plan, an Alternative Dispute Resolution Committee (ADRC) will be set up, headed by a retired judge, who will charge Rs75,000 or 4percent of the recovered amount...