Income Tax Rules, 2002

From: 2023-11-01 - To: 0000-00-00 CHAPTER – XVI INCOME TAX RECOVERY RULES PART - I 122. Definitions.- For the purposes of 1[these] rules, unless there is anything repugnant in the subject or context,- (a) “Tax Recovery” means recovery of debt due to the Federal Government under the Income Tax Ordinance, 2001; (b) “defaulter” means the taxpayer mentioned in the notice; (c) “execution”, in relation to a Notice, means steps taken for the recovery of arrears under these rules; 2[(ca) “notice”, in this Chapter means a notice under sub-section (1) of section 138 of the Income Tax Ordinance 2001 .] (d) “officer” means a person authorized by the commissioner to execute an order of attachment or sale under these rules; and (e) “share in a corporation” includes stock, debenture stock, debentures or bonds. (f) for the purpose of this Chapter, “Commissioner” means Commissioner of 3[“Inland Revenue”] as defined under clause 13 of section 2 and includes any 4[Officer of Inland Revenue or Inspector Inland Revenue] taxation officer delegated powers by the Commissioner to act, exercise powers and functions under this Chapter, in respect of a taxpayer(s) by general or specific orders, or under scheme of enforcement in the tax recovery matters designed by the FBR 5[:] 6[Provided that the Commissioner Inland Revenue shall not delegate powers and functions under this Chapter to any Inspector Inland Revenue in respect of taxpayer having tax demand exceeding five million rupees.] ________________________________________ 1-Words inserted by SRO 392(I)/2009, dated May 19, 2009. 2-Clause “(ca)” inserted by SRO 392(I)/2009, dated May 19, 2009. 3-The words “Income Tax” substituted by SRO 1218(I)/2015, dated 08.12.2015. 4-The words “taxation officer” substituted by the S.R.O. 754(I)/2016 dated 15th August, 2016. 5-Full stop substituted by the S.R.O. 754(I)/2016 dated 15th August, 2016. 6-Added by the S.R.O. 754(I)/2016 dated 15th August, 2016. 123. Form of notice of recovery to be issued by Commissioner.- 1[(1) The notice required to be served upon the taxpayer under sub-section (1) of section 138 shall be in the form as prescribed in part-III of First Schedule to these rules.]…