S.R.O. 667(I)/2006, dated Islamabad, the 27the June, 2006

AMENDMENT MADE IN INCOME TAX RULES, 2002 S.R.O. 667(I)/2006, dated Islamabad, the 27th June, 2006:- In exercise of the powers conferred by sub-section(1) of 237 of the Income Tax Ordinance, 2001(XLIX of 2001), the Central Board of Revenue is pleased to direct that the following amendment shall be made in Income Tax Rules, 2002, the same having been previously published as required by sub-section(3) of the said section. In the aforesaid Rules,- (1) in sub rule(2) of rule 212, in clause(a), after the semi-colon at the end, the word and shall be added; in clause(b), the semi-colon and word ; and shall be omitted; and clause( c) shall be omitted; (2) for rule 214, the following shall be substituted, namely:- 214. Validity of the approval.- The approval granted under rule 212 will remain in force for the subsequent years unless withdrawn under rule 217.; rule 216 shall be omitted; and, for rule 217, the following shall be substituted, namely:- 217. Power to withdraw approval.-(1) The Commissioner may, at any time, withdraw approval granted under rule 212, if he is satisfied that- (a) the constitution, memorandum and articles of association, trust deed, rules and regulations or bye-laws, as the case may be, specifying the aims and objects of the organization do(es) not provide for prohibiting the making of any changes in the constitution, memorandum and articles of association, trust deed, rules, regulations and bye-laws without prior approval of the Commissioner; (b) the organization has- (i) been or is being used for personal gain of any particular person or a group of persons as specified in clause(a) of sub-rule(2) of rule 213; (ii) been propagating the view of a particular political party or a religious sect as specified in clause(b) of sub-rule(2) of rule 213; (iii) been or is being managed in a manner calculated to personally benefit its members or their families as specified in clause(c) of sub-rule(2) of rule 213; or (iv)…