Income Tax Ordinance, 2001

CHAPTER-VIII

ANTI-AVOIDANCE

Income Tax Ordinance, 2001 CHAPTER-VIII ANTI-AVOIDANCE From: 2024-12-29 - To: 0000-00-00 1[108A. Report from independent chartered accountant or cost and management accountant.- (1) Where the Commissioner is of the opinion that a transaction has not been declared at arm’s length, the Commissioner may obtain report from an independent chartered accountant or cost and management accountant to determine the fair market value of asset, product, expenditure or service at the time of transaction. (2) The scope, terms and conditions of the report shall be as may be prescribed. (3) Where the Commissioner is satisfied with the report of the independent chartered accountant or cost and management accountant, the fair market value of asset, product, expenditure or service determined in the report shall be treated as definite information for the purpose of…