S.R.O. 459(I)/2006, dated 15th May, 2006

SROS: S.R.O. 459(I)/2006, dated 15th May, 2006 EXEMPTION FROM CAPITAL VALUE TAX ON(03) AMBULANCES RECEIVED AS DONATION, BY M/S. KHUBAIB FOUNDATION, ISLAMABAD, SUBJECT TO CERTAIN CONDITION Notification No. S.R.O. 459(I)/2006, dated 15th May, 2006:- In exercise of the powers conferred by sub-section(10) of section 7 of the Finance Act, 1989(V of 1989), the Federal Government is pleased to exempt M/s. Khubaib Foundation, Islamabad from the payment of Capital Value Tax in respect of the following(03) Ambulances received as donation, subject to the condition that the said ambulances shall exclusively be used for the purpose for which they are being donated and the same shall not be sold or otherwise disposed of without Boards prior approval or payment of Capital Value Tax:-- __________________________________________________________ S. No. Description Chassis No. Engine No.…