GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE, ECONOMIC AFFAIRS,

STATISTICS AND REVENUE

REVENUE DIVISION

CETNRAL BOARD OF REVENUE

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Islamabad, November 13, 2000

N O T I F I C A T I O N

(INCOME TAX)

S.R.O. 825(I)/2000.--

In exercise of the powers conferred by sub-section (2) of section 14 of the Income Tax ordinance, 1979 (XXXI of 1979), the Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance, namely:-

In the aforesaid Schedule, in Part-IV, after clause (61), the following new clause shall be added, namely :-

"(62)  The provisions of sub-section (5) of section 50 shall not apply in respect of machinery, equipment and material imported by Civil Aviation Authority or by consortium of Arrays ATM Limited/Joannos and Paraskevaides (Overseas) Limited for the construction of New Passenger Terminal Complex and related facilities at Lahore International Airport subject to the fulfillment of conditions laid down in Notification No. SRO 767(I)/2000, dated 23rd October, 2000."

[C.No. J(33)E&TC/97]

(MANSOOR AHMED) 

Additional Secretary / Member (Direct Taxes)