S.R.O. 1184(I)/2020, Islamabad, the 6th November, 2020

Amendments in Income Tax Rules, 2002 Government of Pakistan Revenue Division Federal Board of Revenue **** Islamabad, the 6th November, 2020 NOTIFICATION (Income Tax) S.R.O. 1184(I)/2020.- In exercise of the powers conferred by sub-section (1) of section 237 read with sub-clause (b) of clause (27A) of section 2 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. 957(I)/2020, dated the 2nd October, 2020 as required by sub-section (3) of section 237 of the said Ordinance, namely:- In the aforesaid Rules, after rule 231C, the following new rule shall be inserted, namely: - "231CA. Procedures for assessment oversight committee.- (1) This rule shall apply to all cases of settlement filed under section 122D of the Ordinance. (2) In this rule, unless there is anything repugnant in the subject or context,- (a) "applicant" means a person or a class of persons who has filed a case for settlement under section 122D of the Ordinance; (b) "Committee" means a Committee constituted under sub-section (5) of section 122D of the Ordinance; and"ƒ (c) "settlement application" means an application made by a person to the Committee under sub-section (1) of section 122D. (3) A…