S.R.O. 748(I)/2004, Islamabad, the 30th August, 2004

SROS: S.R.O. 748(I)/2004, Islamabad, the 30th August, 2004 INCOME TAX ALTERNATE DISPUTE RESOLUTION S.R.O. 748(I)/2004, Islamabad, the 30th August, 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 231B, the following new rule shall be inserted, namely: - 231C. Income tax alternate dispute resolution.-(1) This rule shall apply to all cases of disputes brought or specified for resolution under section 134A. (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 brought a dispute for resolution under section 134A; (b) Board means the Central Board of Revenue. (c) Committee means a Committee constituted under sub-section(2) of section 134A; and (d) dispute means any matter of income tax pertaining to liability of income tax, admissibility of refund, waiver or fixation of penalty or fine, relaxation of any period or procedural and technical condition as specified in sub-section(1) of section 134A. (3) Any person or class of persons interested for resolution of any dispute under section 134A shall submit a written application for alternative dispute resolution to the Board in the form as set out in the Schedule below. (4) The Board, after examination of the contents of an application by a taxpayer and facts stated therein and on satisfaction that the application may be referred to a Committee for the resolution of the hardship or dispute, shall constitute a Committee consisting of the following members, namely:- (a) the Director General, Large Taxpayers Unit or Commissioner, Medium Taxpayers Unit or any other Commissioner or officer of the Income Tax Department nominated by the Board; (b) a Fellow of Chartered Accountants, registered with the Institute of Chartered Accountants of Pakistan or an Associate of Cost and Management Accountant, an advocate of…