Income Tax Ordinance, 2001

CHAPTER-I

PRELIMINARY

Income Tax Ordinance, 2001 CHAPTER-I PRELIMINARY From: 2024-12-29 - To: 0000-00-00 2. Definitions.- In this Ordinance, unless there is anything repugnant in the subject or context - 1[(27A) “greenfield industrial undertaking” means- (a) a new industrial undertaking which is- (i) setup on land which has not previously been utilized for any commercial, industrial or manufacturing activity and is free from constraints imposed by any prior work; (ii) built without demolishing, revamping, renovating, upgrading, remodeling or modifying any existing structure, facility or plant; (iii) not formed by the splitting up or reconstitution of an undertaking already in existence or by transfer of machinery, plant or building from an undertaking established in Pakistan prior to commencement of the new business and is not part of an…