S.R.O. 130(I)/2004, Islamabad, February 27, 2004

AMENDMENTS SHALL BE MADE IN THE INCOME TAX RULES, 2002 S.R.O. 130(I)/2004, Islamabad, February 27, 2004:- 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. In the aforesaid Rules, after rule 231, the following shall be inserted, namely: - 231A. Procedure for issuance of advance ruling under section 206A. -(1) A non-resident person desiring an advance ruling under section 206A of the Ordinance, 2001(XLIX of 2001) shall make an application to the Central Board of Revenue in the following form set out in the Schedule below. (2) The application under sub-rule(1) shall be considered by a Committee consisting of the following members, namely: - (a) Chairman, Central Board of Revenue - Chairman (b) Member(Direct Taxes), CBR - Member (c) Additional Secretary, Law, Justice - Member and Human Rights Division. (3) The Committee may obtain comments of the Commissioner of Income Tax concerned and, if it considers necessary, advice of a legal expert on the application and decide the issue, as it may deem appropriate, in a joint sitting or through circulation amongst its members. (4) Advance ruling for the purposes of this rule means determination by the Committee in relation to the transaction which has been undertaken or is proposed to be undertaken by a non-resident person the question of law specified in the application. (5) The advance ruling shall be binding on the Commissioner only in respect of the specific transaction on which such advance ruling is issued. The advance ruling shall continue to remain in force unless there is a change in facts or in the law on the basis of which the advance ruling was pronounced. (6) The copy of the advance ruling pronounced by the Central Board of Revenue shall be provided to the applicant and to the Commissioner of Income Tax having jurisdiction over the case. (7) Notwithstanding anything contained in this rule, the advance ruling shall cease…