S.R.O. 887(I)/2020, Islamabad, the 18th September, 2020

Amendments in Income Tax Rules, 2002 GOVERNMENT OF PAKISTAN REVENUE DIVISION FEDERAL BOARD OF REVENUE ***** Islamabad, the 18th September, 2020. NOTIFICATION (Income Tax) S.R.O. 887(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. 823(I)/2020, dated the 8th September, 2020 as required by sub-section (3) of section 237 of the said Ordinance, namely:- In the aforesaid Rules, after Chapter XVII, the following new Chapter shall be inserted, namely:- "CHAPTER XVIIA GREEN FIELD INDUSTRIAL UNDERTAKING 220C. Filing of application for the approval of a greenfield industrial undertaking.- (1) A "Greenfield Industrial Undertaking" as defined in clause (27A) of section 2 of the Ordinance, (hereinafter referred to in this Chapter as Industrial Undertaking) set up in Pakistan requiring approval of the Commissioner under sub-clause (b) of clause (27A) of section 2 of the Ordinance, shall make an application electronically to the Commissioner in the following form, namely:- APPLICATION FOR APPROVAL FOR THE PURPOSES OF SUB-CLAUSE (b) OF CLAUSE (27A) OF SECTION 2 OF THE INCOME TAX ORDINANCE, 2001 To, The Commissioner of Inland Revenue, ____________________ Zone, ____________________ (City). 1. With reference to sub-clause (b) of clause (27A) of section 2 of the Income Tax Ordinance, 2001 (XLIX of 2001), I the undersigned, hereby apply, on behalf of _________________________ (name of the industrial undertaking) for its approval for the purposes of the said clause. 2. Necessary particulars are set out below, and in the schedule to this application. 3. The following documents required under sub-rule (2) of rule 220C of the Income Tax Rules, 2002, are enclosed. (i) _________________________________________ (ii) _________________________________________ (iii) _________________________________________ (iv) _________________________________________ (v)…