Returns and Assessments Chapter- 17
The Board may appoint as many special audit panels as may be necessary, comprising two
or more members from the following:-
(a) an officer or officers of Inland Revenue;
(b) a firm of Chartered Accountants as defined under the Chartered Accountants Ordinance,
1961;
(c) a firm of Cost and Management Accountants as defined under the Cost and Management
Accountants Act, 1966; or
(d) any other person including a foreign expert or specialist as directed by the Board, to
conduct an audit, including a forensic audit, of the income tax affairs of any person or
classes of persons and the scope of such audit shall be as determined by the Board or
the CIR on case to case basis.
(e) a tax audit expert deployed under an audit assistance programme of an international tax
organization or a tax authority outside Pakistan: Provided that in case the member is not
an officer of Inland Revenue, the person shall only be included as a member in the 75
special audit panel if an agreement of confidentiality has been entered into between the
Board and the person, international tax organization or a tax authority, as the case may
be.
Special audit panel shall be headed by a Chairman who shall be an OIR.
Powers under sections 175 and 176 for the purposes of conducting an audit under sub-section
(11), shall only be exercised by an officer or OIR, who are member or members of the special
audit panel, and authorized by the CIR.
Notwithstanding anything contained in sub-sections (2) and (6), where a person fails to produce
before the CIR or a special audit panel under sub-section (11) to conduct an audit, any
accounts, documents and records, required to be maintained U/S 174 or any other relevant
document, electronically kept record, electronic machine or any other evidence that may be
required by the CIR or the panel, the CIR may proceed to make best judgment assessment U/S
121 of this Ordinance and the assessment treated to have been made on the basis of return or
revised return filed by the taxpayer shall be of no legal effect.
If any one member of the special audit panel, other than the Chairman, is absent from
conducting an audit, the proceedings of the audit may continue, and the audit conducted by the
special audit panel shall not be invalid or be called in question merely on the ground of such
absence.
Functions performed by an officer or officers of Inland Revenue as members of the special
audit Panel, for conducting audit, shall be treated to have been performed by special audit
panel.
The Board may prescribe the mode and manner of constitution, procedure and working of the
special audit panel.- Displaying of National Tax Number (181C)
Every person deriving income from business chargeable to tax and who has been issued NTN shall
display his NTN at a conspicuous place at every place of his business.- Business license Scheme (181D)
(1) Every person engaged in any business, profession or vocation shall be required to obtain and
display a business licence as prescribed by the Board.
(2) Where a person fails to obtain business licence under sub-section (1), the Commissioner may, in
addition to and not in derogation of any punishment to which the person may be liable under
this Ordinance or any other law, impose a fine of –
(a) Rs. 20,000, in case of a taxpayer deriving income chargeable to tax under this Ordinance; or
(b) Rs. 5,000, in all other cases.