SC for disposing of Tk600cr tax claim from Grameen Kalyan
Court
The Appellate Division of the Supreme Court (SC) today ordered High Court to dispose of a writ petition filed regarding National Board of Revenue's (NBR) claim of more than Tk600 crore as income tax for seven tax years from Grameen Kalyan, a nonprofit social business company founded by Nobel Laureate Dr Muhammad Yunus.
A five-member apex court bench headed by Chief Justice Obaidul Hassan passed the order after holding a hearing on a civil petition filed in this regard.
Senior advocate Fida M Kamal and Sardar Jinnat Ali defended Grameen Kalyan before the court, while Attorney General AM Amin Uddin stood for the state.
Earlier on 7 March, the High Court scrapped seven income tax references filed by Grameen Kalyan, upholding NBR's claim to Tk119 crore in income tax from the company.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.