Municipal Corporation (Taxation) Rules 1986 | Case Reference

Municipal Corporation (Taxation) Rules 1986 

Sub-rule (3) (a) (ii) of Rule 20 

Sonali Bank is the owner of its Staff Quarters within the Chittagong City Corporation area in holding No. South Agrabad, Chittagong and the said holding was valued for the purpose of assessment of Municipal tax by the Taxation Officer of the City Corporation. 

That the annual valuation of the build- ing in question is to be assessed on the gross annual rent recovered by the Sonali Bank from its employees residing in the building at the rate 72 % and 5% from their basic pay minus 2 months rent as maintenance allowance and this amount may increase or decrease from time depending of the time to time increase/decrease of basic pay of the employees concerned residing in the building. City Corporation, Chittagong & others vs. Sonali Bank & others (M.M. 4 ADC 335 Ruhul Amin J)(Civil)