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<!-- saved from url=(0069)https://download1.fbr.gov.pk/sros/IncomeTaxSROS/2002/2002sro596it.htm --> <html xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:st1="urn:schemas-microsoft-com:office:smarttags" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv="Content-Type" content="text/html; charset=windows-1252"> <meta name="ProgId" content="Word.Document"> <meta name="Generator" content="Microsoft Word 10"> <meta name="Originator" content="Microsoft Word 10"> <link rel="File-List" href="https://download1.fbr.gov.pk/sros/IncomeTaxSROS/2002/2002sro596it_files/filelist.xml"> <title>GOVERNMENT OF PAKISTAN</title> </head><body lang="EN-US" style="tab-interval:.5in" data-new-gr-c-s-check-loaded="14.1243.0" data-gr-ext-installed=""><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="City"> <o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="date"> <o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="country-region"> <o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="place"> <!--[if gte mso 9]><xml> XXXXXXXXXXXXXXXXXXXXXX <o:Author>Kashif Khan</o:Author> <o:Template>Normal</o:Template> <o:LastAuthor>temp</o:LastAuthor> <o:Revision>2</o:Revision> <o:TotalTime>56</o:TotalTime> <o:Created>2002-09-13T01:17:00Z</o:Created> <o:LastSaved>2002-09-13T01:17:00Z</o:LastSaved> <o:Pages>1</o:Pages> <o:Words>176</o:Words> <o:Characters>1008</o:Characters> <o:Company>PRAL</o:Company> <o:Lines>8</o:Lines> <o:Paragraphs>2</o:Paragraphs> <o:CharactersWithSpaces>1182</o:CharactersWithSpaces> <o:Version>10.3311</o:Version> </o:DocumentProperties> </xml><![endif]--><!--[if gte mso 9]><xml> <w:WordDocument> <w:SpellingState>Clean</w:SpellingState> <w:GrammarState>Clean</w:GrammarState> <w:DisplayHorizontalDrawingGridEvery>0</w:DisplayHorizontalDrawingGridEvery> <w:DisplayVerticalDrawingGridEvery>0</w:DisplayVerticalDrawingGridEvery> <w:UseMarginsForDrawingGridOrigin/> <w:Compatibility> <w:FootnoteLayoutLikeWW8/> <w:ShapeLayoutLikeWW8/> <w:AlignTablesRowByRow/> <w:ForgetLastTabAlignment/> <w:LayoutRawTableWidth/> <w:LayoutTableRowsApart/> <w:UseWord97LineBreakingRules/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if !mso]><object classid="clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D" id=ieooui></object> <style> st1\:*{behavior:url(#ieooui) } </style> <![endif]--> <style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} h1 {mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; text-align:center; mso-pagination:widow-orphan; page-break-after:avoid; mso-outline-level:1; font-size:10.0pt; font-family:"Times New Roman"; mso-font-kerning:0pt; font-weight:normal; text-decoration:underline; text-underline:single;} h2 {mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; text-align:justify; mso-pagination:none; page-break-after:avoid; mso-outline-level:2; mso-hyphenate:none; tab-stops:0in center 3.25in left 3.5in; font-size:12.0pt; font-family:"Courier New"; letter-spacing:-.15pt; layout-grid-mode:line;} p.MsoBodyTextIndent, li.MsoBodyTextIndent, div.MsoBodyTextIndent {margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-align:justify; text-indent:-1.0in; line-height:150%; mso-pagination:none; mso-hyphenate:none; tab-stops:0in .5in; font-size:12.0pt; font-family:"Courier New"; mso-fareast-font-family:"Times New Roman"; letter-spacing:-.15pt; layout-grid-mode:line; font-weight:bold;} span.SpellE {mso-style-name:""; mso-spl-e:yes;} span.GramE {mso-style-name:""; mso-gram-e:yes;} @page Section1 {size:8.5in 11.0in; margin:.5in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style> <!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} </style> <![endif]--> <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;mso-bidi-font-weight: bold">GOVERNMENT OF </span><st1:country-region><st1:place><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold">PAKISTAN</span></st1:place></st1:country-region><!--[if supportFields]><span style='font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold'><span style='mso-element:field-begin'></span>PRIVATE </span><![endif]--><!--[if supportFields]><span style='font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold'><span style='mso-element:field-end'></span></span><![endif]--><span style="font-family: Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><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;mso-bidi-font-weight: bold">(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;mso-bidi-font-weight: bold">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;mso-bidi-font-weight:bold">*****<o:p></o:p></span></p> <p class="MsoNormal" style="text-align:justify;mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><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; mso-bidi-font-weight:bold"><span style="mso-spacerun:yes"> </span></span><st1:city><st1:place><span style="font-family:Arial;letter-spacing: -.15pt;mso-bidi-font-weight:bold">Islamabad</span></st1:place></st1:city><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold">, </span><st1:date year="2002" day="5" month="9"><span style="font-family:Arial;letter-spacing: -.15pt;mso-bidi-font-weight:bold">the 5<sup>th</sup> September,<span style="mso-spacerun:yes"> </span>2002</span></st1:date><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold">.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align:justify;mso-hyphenate:none;tab-stops:0in center 3.25in left 3.5in"><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><span style="mso-spacerun:yes"> </span><o:p></o:p></span></p> <p class="MsoNormal" align="center" style="text-align:center;mso-hyphenate:none; tab-stops:0in center 3.25in left 3.5in"><u><span style="font-family:Arial; letter-spacing:-.15pt;mso-bidi-font-weight:bold">NOTIFICATION</span></u><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><o:p></o:p></span></p> <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;mso-bidi-font-weight:bold">(Income Tax)<o:p></o:p></span></p> <p class="MsoNormal" style="text-align:justify;mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><o:p> </o:p></span></p> <p class="MsoNormal" style="line-height:200%;mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><span style="mso-tab-count:1"> </span>S.R.O. 596<span style="mso-spacerun:yes"> </span>(I)/2002,- 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="MsoNormal" style="line-height:200%;mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><span style="mso-tab-count:2"> </span>In the aforesaid Schedule, in Part I, after clause (120), the following new clause shall be inserted, 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; mso-bidi-font-weight:bold"><span style="mso-spacerun:yes"> </span>� (121) Profits and gains derived by an <span class="SpellE">assessee</span> from an Industrial undertaking set up in an area declared by the Federal Government to be a �Zone� within the meaning of the Export Processing Zones Authority Ordinance, 1980 (IV of 1980) for the assessment years 1998-1999,1999-2000 and 2000-2001. However, exemption under this clause shall be restricted to the remaining period of exemption to which a company was entitled before the relevant amendments made by the Finance Act, 1996 (IX of 1996).<span class="GramE">�.</span> <o:p></o:p></span></p> <p class="MsoNormal" style="text-align:justify;mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align:justify;mso-hyphenate:none;tab-stops:0in"><u><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold">[<span class="GramE">C.No.1(</span>157)DTP.II/94]<o:p></o:p></span></u></p> <p class="MsoNormal" style="text-align:justify;mso-hyphenate:none;tab-stops:0in"><span style="font-family:Arial;letter-spacing:-.15pt;mso-bidi-font-weight:bold"><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; mso-bidi-font-weight:bold">(VAKIL AHMAD KHAN)<span style="mso-spacerun:yes"> </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; mso-bidi-font-weight:bold">Member (Direct Taxes)/Additional Secretary <o:p></o:p></span></p> </div> </o:smarttagtype></o:smarttagtype></o:smarttagtype></o:smarttagtype></body><grammarly-desktop-integration data-grammarly-shadow-root="true"><template shadowrootmode="open"><style> div.grammarly-desktop-integration { position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0, 0, 0, 0); white-space: nowrap; border: 0; -moz-user-select: none; -webkit-user-select: none; -ms-user-select:none; user-select:none; } div.grammarly-desktop-integration:before { content: attr(data-content); } </style><div aria-label="grammarly-integration" role="group" tabindex="-1" class="grammarly-desktop-integration" data-content="{"mode":"full","isActive":true,"isUserDisabled":false}"></div></template></grammarly-desktop-integration></html>