CENTRAL BOARD OF REVENUE

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Islamabad, January 14, 2002

NOTIFICATION

(Income Tax)

S.R.O. 26/(I)/2002. - 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 amendments shall be made in the second schedule to the said ordinance, namely: -

In the aforesaid schedule, in Part I, in clause (126C), -

(a) In sub-clause (1), for the words, comma and figure “thirtieth day of June, 1999” the words, comma and figure “thirty-first day of December, 2002” shall be substituted; and

(b) In the proviso, for the full stop, at the end, a colon shall be substituted and there after the following new proviso shall be added, namely: -

“Provided further that the extensions in deadline from the 30^th June, 1999, to the 31^st December, 2002, shall not apply to those projects whose cases are sub judice and that the federal Government shall decide such cases in accordance with the verdict of the apex court”.

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(C: No.1 (100) DTP.II/94.Pt.III)

(VAKIL AHMED KHAN)

Member (Direct Taxes)/Additional Secretary