The govt. has taken the final decision to delete all income tax provisions from the Finance Bill, 2021, relating to the powers of the Inland Revenue officers to arrest any person under the proposed Section 203A (power to arrest and prosecute) of the Income Tax Ordinance, 2001. It is reliably learnt that the decision has been taken at the top level and all relevant sections would be deleted from the Finance Bill. Following section would be withdrawn from the Finance Bill 2021: Section 203A (power to arrest and prosecute); Section 203B (procedure to be followed on arrest of a person); Section 203C (special judges); Section 203D (cognizance of offences by special judges), and Section 203E (special judge, etc to have exclusive jurisdiction).
19/6/2021