Sat, 13 April 2024
The Daily Ittefaq

HC asks Dr Yunus to deposit Tk 50 crore for tax appeal

Update : 29 Feb 2024, 18:37

The High Court (HC) has asked Grameen Telecom Trust Chairman Dr Muhammad Yunus to deposit Taka 50 crore to file an appeal against the income tax claim made by the National Board of Revenue (NBR) for the tax years 2011 to 2013.
 
A High Court division bench of Justice Muhammad Khurshid Alam Sarkar and Justice Sardar Md Rashed Jahangir came up with the judgment on February 12 and the 24-page full text of it was published today.
 
"NBR sent a notice to Grameen Telecom Trust in November, 2020, claiming around Taka 250 crore in income tax for the tax years 2011 to 2013. Grameen Telecom Trust challenged the notice at the High Court and filed a writ. After holding hearing on the writ, the High Court had issued a rule, asking to explain as to why it shall not declare the notice illegal," Assistant Attorney General Barrister Tahmina Poli said.
 
According to the prosecution, Grameen Telecom Trust after getting the notice, had pleaded for tax waiver, saying they don't have the money, whereas, the trust had around Taka 350-400 crore in its account at that time.
 
The High Court recently scrapped the writ petition filed by the trust and asked it to deposit Taka 50 crore first to file an appeal against NBR notice.

More on this topic

More on this topic