SC for disposing of Tk 6b tax claim from Grameen Kalyan

The Appellate Division of the Supreme Court (SC) on Monday ordered the High Court to dispose of a writ petition filed regarding the National Board of Revenue’s (NBR) claim of more than Taka 6 billion (600 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, reports BSS. 

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 March 7, 2024, the High Court scrapped seven income tax references filed by Grameen Kalyan, upholding NBR's claim to Taka 1.19 billion (119 crore) in income tax from the company.