1[66. Standard of a “tourist industry”.----       The following shall be the standard of a tourist industry for the purposes of the explanation to section 46(1) of the Ordinance, namely :-- (a) 2[the number of guest rooms shall not be less than thirty in case the industry is located in Dhaka, Chittagong or Khulna city corporation and ten in case it is located in other places and each such industry shall have adequate public facilities, such as, dinging...

1[67. Search and Seizure.— 2[(1) Subject to provisions of sub-rule (19), the powers of search and seizure under section 117 shall be excrcised in accordance with sub-rules (3) to (18).] 3(2)The authorization under sub-section (1) of section 117 by the 4[Director-General of Inspection or Director General, Central Intelligence Cell] or the Commissioner or any such  Deputy  Director  of  Inspection  or  Inspecting  Joint  Commissioner  as  in empowered...

1[68. Modes of recovery of taxes.- (1) For the purpose of recovery of demand under section 139, the Tax Recovery Officer shall exercise one or more of the following modes in accordance with sub-rule (2) to (79). (2) Upon receipt of a certificate the Tax Recovery Officer shall cause to be served upon the defaulter a notice requiring the defaulter to pay the amount specified in the certificate within fifteen days from the date of service of the notice and intimating that, in default, recovery actions...

69. Appeal from Order by Tax Recovery Officer- (1) An appeal from any order passed by the Tax Recovery Officer under rule 68 shall lie to the Inspecting joint Commissioner having the administrative control over the Tax Recovery Officer passing the order. APPEAL MEMORANDUM (Under Rule 69(1) of the Income Tax Rules, 1984) APPEAL TO THE INSPECTING ADDITIONAL/JOINT COMMISSIONER OF TAXES …………………………….. ……………………...

1[70. Determination of arm’s length price under section 107C. (1) The most appropriate method for determining arm’s length price in relation to an international transaction shall be applied in the following manner:— (a) comparable uncontrolled price method is applied in the following manner:— (i) the price charged or paid for property transferred or services provided in an uncontrolled transaction or a number of transactions of comparable circumstances is identified; (ii)...

[ 71.Factors to be considered in judging comparability.- (1) The following factors shall be considered in judging the comparability of an uncontrolled transaction with the international transaction under the different methods as mentioned in rule 70:— (a)the characteristics of property, services or intangible properties involved in the transaction: (i) the case of tangible property: physical features, quality and reliability, availability, volume and timing of property transferred; (ii)in the...

72. Most appropriate method.- (1) For the purposes of sub-section (1) of section 107C, the most appropriate method for determining the arm’s length price of an international transaction shall be the method that, under the facts and circumstances, provides the most reliable measure of an arm’s length price in relation to the international transaction. (2) In selecting the most appropriate method as specified in sub-rule (1), the following factors shall be considered, namely:— (a)...

73. Information and documents to be kept and maintained under section 107E (1) Every person who has entered into an international transaction shall keep and maintain the following information and documents, namely:— (a) ownership profile of the multinational group in which the assessee enterprise is a member. Profile should include information on groups global organisational structure, showing in details the name, location, legal status and country of tax residence of the enterprises in the...

1[74. Report from a certified accountant to be furnished under section 107F.- The report from a certified accountant required to be furnished under section 107F by every person who has entered into an international transaction during an income year shall be in prescribed Form and verified in the manner indicated therein.] Deleted by F. A. 2015 ---------------------------------------------------------------------- 1. Omitted by S.R.O.No.192-L/IT/2015,dt. 30-06-2015

1[75. Form of report to be furnished under section 107F.- Report under section 107F In respect of: 1. Name of the Assessee:………………. 2. TIN: 3. (a) Circle: ……………. (b) Taxes Zone……………….. 1. All the information, documents and records required under section 107F of the Income Tax Ordinance, 1984 are furnished and annexed to this Report; 2. The List of Annexure is prepared and signed by...