Lahore 28°C
Islamabad 24°C
Provisional assessment in certain cases
(1) Where a concealed asset of any person is impounded by any department or agency of the Federal Government or a Provincial Government, the Commissioner may, at any time before issuing any assessment order under section 121 or any amended assessment order under section 122, issue to the person a provisional assessment order or provisional amended assessment order, as the case may be, for the last completed tax year of the person taking into account the concealed asset.
(1A) Where an offshore asset of any person, not declared earlier, is discovered by the Commissioner or any department or agency of the Federal Government or a Provincial Government, the Commissioner may at any time before issuing any assessment order under section 121 or amended assessment order under section 122, issue to the person a provisional assessment order or provisional amended assessment order, as the case may be, for the last completed tax year of the person taking into account the offshore asset discovered.
(2) The Commissioner shall finalise a provisional assessment order or a provisional amended assessment order as soon as practicable .
(3) In this section, concealed asset means any property or asset which, in the opinion of the Commissioner, was acquired from any income subject to tax under this Ordinance.
(1A) Where an offshore asset of any person, not declared earlier, is discovered by the Commissioner or any department or agency of the Federal Government or a Provincial Government, the Commissioner may at any time before issuing any assessment order under section 121 or amended assessment order under section 122, issue to the person a provisional assessment order or provisional amended assessment order, as the case may be, for the last completed tax year of the person taking into account the offshore asset discovered.
(2) The Commissioner shall finalise a provisional assessment order or a provisional amended assessment order as soon as practicable .
(3) In this section, concealed asset means any property or asset which, in the opinion of the Commissioner, was acquired from any income subject to tax under this Ordinance.
Amendment history (7)
- 1Section 122E inserted by the Finance Act, 2026.
- The words “after making it” omitted by the Finance Act, 2003.
- The words “Commissioner (Appeals)” omitted by the Finance Act, 2010.
- Inserted by the Finance Act, 2003.
- Inserted by the Finance Act, 2008.
- The word “make” substituted by the Finance Act, 2010.
- The words “six months from the date” substituted by the Finance Act, 2002.
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 254
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.