031105

Government of Pakistan

Revenue Division

Central Board of Revenue

 

Islamabad, November 5, 2003

 

N o t i f i c a t i o n

(Income Tax)

 

 

S. R. O. 1015(I)/2003. - In exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Central Board of Revenue is pleased to direct that the following further amendments shall be made in the Income Tax Rules, 2002, the same having been previously published as required by sub-section (3) of the said section, namely: -

           

 

            In the aforesaid Rules, --

 

 

(1)         in rule 211, in sub-rule (2), in clause (g)  for the full stop, at the end, a colon  shall be substituted and thereafter the following provisos shall be added, namely:-

 

            “Provided that till the approval of two such agencies, the applicant organization shall have an option to get its performance appraised by CBR:

 

            Provided further that CBR or its officers, shall apply the same parameters on applicant organizations for the purpose of aforesaid evaluation as are approved by the CBR to be applied by the certification agency.”;

 

(2)        in rule 214, in sub-rule (2), for the full stop, at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:-

 

            “Provided that notwithstanding anything contained herein, for the purposes of this rule, clause (g) of sub-rule (2) of rule 211 shall take effect from July 1, 2004.”;

 

(3)        in rule 219, for the words and figures “calendar year 2002 within the time specified before June 2003” the words and figures “and upto calendar year 2003 by the 30^th day of June 2004” shall be substituted;

 

(4)   in rule 220A, --

 

(a)          in sub-rule (1), in clause (b), in sub-clause (vi), - 

 

(i)         the words “by an authority designated by the Government of Pakistan for this purpose or till that authority is established, under arrangements made by the Central Board of Revenue” the words and colon “and appointed by the Central Board of Revenue” shall be substituted; and

 

(ii)        after sub-clause (vi), amended as aforesaid, the following new provisos shall be added, namely:-

 

            “Provided that the CBR shall also receive applications for performance appraisal and certification of applicant organizations till at least two such agencies have been appointed:

 

            Provided further that CBR or its officers shall apply the same parameters on applicant organizations for the purpose of aforesaid evaluation as are approved by the CBR to be applied by the certification agency.”; and

 

[C. No. 4(2)IT-Jud/02-Pt]

 

 

Sd/-

Saeed Ahmad Zaidi

Member (Coordination)/

Additional Secretary

---