S.R.O. 1314(I)/2020, Islamabad, the 9th December, 2020

Amendments in Income Tax Rules, 2002 Government of Pakistan Revenue Division Federal Board of Revenue ***** Islamabad, the 9th December, 2020 NOTIFICATION (Income Tax) S.R.O. 1314(I)/2020.- In exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal 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 vide Notification No. S.R.O. 1239(I)/2020, dated the 20th November, 2020 as required by sub-section (3) of section 237 of the said Ordinance, namely:- In the aforesaid rules, after Chapter XVIA, the following new chapter shall be inserted, namely,- "CHAPTER XVIB REFUND 210I A. Application.-This Chapter shall apply to all refund orders issued under sub-section (4) of section 170 of the Ordinance. 210IB. Establishment of Centralized Income Tax Refund Office (CITRO) and posting of officers.- There shall be established a Centralized Income Tax Refund Office (CITRO) under the Federal Board of Revenue for centralized payment of refund amount to such claimants and from such date as the Board may specify. 210IC. Sanction and payment of refund.- (1) From such date to be notified by the Board, the Commissioner shall transmit an order under sub-section (4) of section 170 of the Ordinance through…