In a major enforcement action, the Federal Board of Revenue (FBR) has successfully auctioned a sprawling property belonging to Bahria Town in Murree to recover massive unpaid tax liabilities.

Property Details and Auction Process

The auctioned land spans 527 kanals and 10 marlas and is situated at Mauza Kathar Sharqi on Angori Road, Tehsil Murree. Following an earlier attempt that failed to conclude, a fresh auction process was initiated under the provisions of the Income Tax Ordinance, 2001.

According to official reports, a prominent Pakistani businessman placed the highest successful bid. Sources indicate that the total acquisition cost—inclusive of applicable taxes—rounded out to approximately Rs. 825 million. Throughout the proceedings, the FBR maintained full legal authority to evaluate, accept, or reject bids based on statutory guidelines.

Background on Tax Recovery Proceedings

This high-profile sale is part of the FBR's broader, aggressive drive to recover outstanding tax arrears from major real estate entities. Tax authorities have intensified scrutiny over property developers regarding long-standing revenue recognition disputes, leveraging enhanced statutory recovery powers to target non-compliant assets.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.