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Tag: Commissioner Inland Revenue

Finance Bill 2021

Commissioners IR to issue amended assessment order in 120 days

June 13, 2021June 13, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Commissioners Inland Revenue have been bound to issue order in amended assessment within 120 days under Section 122 of Income Tax Ordinance, 2001. According to budget 2021/2022 documents, the Finance Bill 2021 proposed amendment Section 122 of the Income Tax Ordinance, 2001. The amendment proposed through Finance Bill 2021 in sub-section (9), for the […]

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Income Tax Ordinance, 2001: Commissioner IR can issue assessment order on day return filed

January 14, 2019October 27, 2023Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) in Pakistan has granted the Commissioner Inland Revenue the authority to issue assessment orders against a tax return on the very date it is filed.

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