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<div class="Section1">

<p class="MsoNormal" align="center" style="text-align:center;mso-hyphenate:none;
tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt">GOVERNMENT
OF </span><st1:country-region><st1:place><span style="font-family:Arial;
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</span><![endif]--><!--[if supportFields]><span style='font-family:Arial;
letter-spacing:-.15pt'><span style='mso-element:field-end'></span></span><![endif]--><span style="font-family:Arial;letter-spacing:-.15pt"><o:p></o:p></span></p>

<p class="MsoNormal" align="center" style="text-align:center;mso-hyphenate:none;
tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt">(REVENUE DIVISION)<o:p></o:p></span></p>

<h2 align="center" style="text-align:center;tab-stops:0in"><span style="font-size:10.0pt;font-family:Arial;font-weight:normal">CENTRAL BOARD OF
REVENUE<o:p></o:p></span></h2>

<p class="MsoNormal" align="center" style="text-align:center;mso-hyphenate:none;
tab-stops:0in center 3.25in left 3.5in"><span style="font-family:Arial;
letter-spacing:-.15pt">*****<o:p></o:p></span></p>

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tab-stops:0in right 6.5in"><st1:city><st1:place><span style="font-family:Arial;
  letter-spacing:-.15pt">Islamabad</span></st1:place></st1:city><span style="font-family:Arial;letter-spacing:-.15pt">, </span><st1:date year="2003" day="11" month="1"><span style="font-family:Arial;letter-spacing:-.15pt">the 11<sup>th</sup>
 January<span class="GramE">,2003</span></span></st1:date><span style="font-family:
Arial;letter-spacing:-.15pt">.<o:p></o:p></span></p>

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tab-stops:0in center 3.25in left 3.5in"><span style="font-family:Arial;
letter-spacing:-.15pt"><span style="mso-spacerun:yes">&nbsp; </span><o:p></o:p></span></p>

<h3><b style="mso-bidi-font-weight:normal"><span style="font-size:10.0pt;
font-family:Arial">NOTIFICATION<o:p></o:p></span></b></h3>

<p class="MsoNormal" align="center" style="text-align:center;mso-hyphenate:none;
tab-stops:0in center 3.25in left 3.5in"><b style="mso-bidi-font-weight:normal"><span style="font-family:Arial;letter-spacing:-.15pt">(Income Tax)</span></b><span style="font-family:Arial;letter-spacing:-.15pt"><o:p></o:p></span></p>

<p class="MsoNormal" style="text-align:justify;line-height:150%;mso-hyphenate:
none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt"><o:p>&nbsp;</o:p></span></p>

<p class="MsoNormal" style="line-height:150%;mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt"><span style="mso-tab-count:
1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><span class="GramE">S.R.O.</span><span style="mso-spacerun:yes">&nbsp; </span>44(I)/2003.- In exercise of the powers
conferred by sub-section(2) of section 53 of the Income Tax Ordinance, 2001
(XLIX of 2001), the Federal Government is pleased to direct that the following
further amendment shall be made in the Second Schedule to the aforesaid
Ordinance, namely:-<o:p></o:p></span></p>

<p class="MsoBodyTextIndent" align="left" style="text-align:left"><span style="font-size:10.0pt;line-height:150%;font-family:Arial;font-weight:normal"><span style="mso-tab-count:1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><o:p></o:p></span></p>

<p class="MsoBodyTextIndent" align="left" style="text-align:left"><span style="font-size:10.0pt;line-height:150%;font-family:Arial;font-weight:normal"><span style="mso-tab-count:2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>In the aforesaid
Schedule, in Part I, in Clause (132), second proviso shall be substituted as
under:-<o:p></o:p></span></p>

<p class="MsoBodyTextIndent" align="left" style="margin-left:1.5in;text-align:left;
text-indent:-1.5in"><span style="font-size:10.0pt;line-height:150%;font-family:
Arial;font-weight:normal"><span style="mso-tab-count:1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="mso-spacerun:yes">&nbsp;&nbsp; </span><span style="mso-tab-count:1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>�Provided
further the exemption under this clause shall not apply to oil fired power
plants setup on or after 22<sup>nd</sup> October, 2002.<span class="GramE">�.</span><o:p></o:p></span></p>

<p class="MsoNormal" style="mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt"><o:p>&nbsp;</o:p></span></p>

<p class="MsoNormal" style="mso-hyphenate:none;tab-stops:0in"><u><span style="font-family:Arial;letter-spacing:-.15pt"><span style="mso-spacerun:yes">&nbsp;</span>[<span class="GramE">C.No.1(</span>9)DTP-II/94.Pt.III]</span></u><span style="font-family:Arial;letter-spacing:-.15pt"><o:p></o:p></span></p>

<p class="MsoNormal" style="text-align:justify;mso-hyphenate:none;tab-stops:0in right 6.5in"><span style="font-family:Arial;letter-spacing:-.15pt"><o:p>&nbsp;</o:p></span></p>

<p class="MsoNormal" align="right" style="text-align:right;mso-hyphenate:none;
tab-stops:0in right 6.5in"><span style="font-family:Arial;letter-spacing:-.15pt">(VAKIL
AHMAD KHAN)<span style="mso-spacerun:yes">&nbsp;&nbsp;&nbsp;&nbsp; </span><o:p></o:p></span></p>

<p class="MsoNormal" align="right" style="text-align:right;mso-hyphenate:none;
tab-stops:0in right 6.5in"><span style="font-family:Arial;letter-spacing:-.15pt">Member
(Direct Taxes)/Additional Secretary<o:p></o:p></span></p>

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