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Income Tax Ordinance, 2001
CHAPTER-XI ADMINISTRATION PART I GENERAL
From: 2023-07-01 - To: 0000-00-00 1[***] _____________________________________________________________ 1-Section 227C was omitted vide Finance Act, 2019 (V of 2019) assented on 30th June, 2019. At the time of omission section 227C was as under:- “i[227C. Restriction on purchase of certain assets.-Notwithstanding anything contained in any law, for the time being in force,- (a) any application for booking, registration or purchase of a new locally manufactured motor vehicle or for first registration of an imported vehicle shall not be accepted or processed by any vehicle registering authority of Excise and Taxation Department or a manufacturer of a motor vehicle respectively, unless the person is a filer.; and (b) any application or request by a person to any authority responsible for registering, recording or attesting transfer of any immovable property , exceeding five million rupees, for registering or attesting the transfer shall not be accepted or processed by such authority, unless the person is a filer ii[:]] iii[Provided that the provisions of clause (a) shall not apply in respect of,- iv[(i) locally manufactured motor vehicle; or] (ii) a person holding a Pakistan v[or a non-resident Pakistani citizen holding international passport] origin card or a national identity card for overseas Pakistani who produces a certificate from a scheduled bank of receipt of foreign exchange remitted from outside Pakistan through normal banking channels during a period of sixty days prior to the date of booking, registration or purchase of motor vehicle: Provided further that the provisions of clause (b) shall not apply to,- (i) a legal heir acquiring property in inheritance; or (ii) a person holding a Pakistan vi[or a non-resident Pakistani citizen holding international passport] origin card or a national identity card for overseas Pakistani who produces a certificate from a scheduled bank for receipt of foreign exchange remitted from outside Pakistan through normal banking channels during a period of sixty days prior to the date of registering, recording or attesting transfer.] i Inserted vide Finance Act, 2018, (XXX of 2018) assented on 22nd May, 2018 ii Substituted for…
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