Lahore 22°C
Advance ruling
(1) The Board may, on application in writing by a non-resident taxpayer, issue to the taxpayer an advance ruling setting out the Commissioner’s position regarding the application of this Ordinance to a transaction proposed or entered into by the taxpayer.
(2) Where the taxpayer has made a full and true disclosure of the nature of all aspects of the transaction relevant to the ruling and the transaction has proceeded in all material respects as described in the taxpayer’s application for the ruling, the ruling is binding on the Commissioner with respect to the application to the transaction of the law as it stood at the time the ruling was issued.
(3) Where there is any inconsistency between a circular and an advance ruling, priority shall be given to the terms of the advance ruling . ADMINISTRATION PART I GENERAL
(2) Where the taxpayer has made a full and true disclosure of the nature of all aspects of the transaction relevant to the ruling and the transaction has proceeded in all material respects as described in the taxpayer’s application for the ruling, the ruling is binding on the Commissioner with respect to the application to the transaction of the law as it stood at the time the ruling was issued.
(3) Where there is any inconsistency between a circular and an advance ruling, priority shall be given to the terms of the advance ruling . ADMINISTRATION PART I GENERAL
Amendment history (8)
- Added by the Finance Act, 2003.
- The words “Central Board of Revenue” substituted by the Finance Act, 2007.
- The word “blinding” substituted by the Finance Act, 2005.
- Full stop substituted by the Finance Act, 2011.
- The colon substituted by the Finance Act, 2017.
- Inserted by the Finance Act, 2011.
- The proviso omitted by the Finance Act, 2017. The omitted proviso
- Section 207 substituted by the Finance Act, 2010. The substituted provision has been made effective
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 430
Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.