July 12, 2024

Saluti Law Medi

Rule it with System

Tax on Donation: SC dismisses Yunus’ petitions for charm

Tax on Donation: SC dismisses Yunus’ petitions for charm

HC asks why labour court’s indictment buy against him should not be scrapped

The Appellate Division of the Supreme Court yesterday upheld a Superior Court verdict that justified the tax authorities’ final decision to impose tax on the cash Nobel laureate Prof Muhammad Yunus donated to his a few charitable trusts.

Pursuing the apex courtroom verdict, Prof Yunus will have to spend all over Tk 12 crore as tax on the income he donated to his trusts, explained his attorney Sarder Jinnat Ali.

He claimed all around Tk 15 crore tax was imposed on the donated dollars about the years and Prof Yunus paid out about Tk 3 crore to the office involved right before tough the decision.

In reply to a question, Jinnat reported the upcoming action would be taken right after consulting with Prof Yunus.

A four-member bench of the Appellate Division led by Main Justice Hasan Foez Siddique shipped the verdict after dismissing three leave to appeals of Prof Yunus. Information of the verdict could not be identified as its whole textual content has not been introduced however.

Attorney Standard AM Amin Uddin instructed this correspondent that the tax authorities will evaluate how significantly Prof Yunus will have to pay out.

On May possibly 31, the HC in its verdict reported the determination of imposing tax on the income donated by Prof Yunus was “authorized”.

In accordance to the case files, Prof Yunus donated Tk 76.73 crore to Professor Muhammad Yunus Believe in, Yunus Family Believe in and Yunus Centre among 2011 and 2012 and 2013 and 2014 tax years.

HC Concerns RULE ON Point out

The HC yesterday issued a rule on the point out inquiring it to reveal in two months why a labour court docket buy that on June 6 framed prices towards Prof Yunus and 3 other major Grameen Telecom officers in a situation submitted around labour legislation violation should really not be scrapped.

The bench of Justice Md Ruhul Quddus and Justice Ashish Ranjan Das issued the rule next a petition filed by Prof Yunus challenging the labour court docket order.

Apart from Grameen Telecom Chairman Prof Yunus, the other accused are its Running Director Ashraful Hasan, and directors Nur Jahan Begum and Mohammad Shahjahan.

On September 9, 2021, SM Arifuzzaman, a labour inspector (typical) of the Inspection for Factories and Establishments Section, submitted the scenario with the court docket.

Law firm Abdullah-Al-Mamun appeared for Prof Yunus when Legal professional Typical AM Amin represented the point out for the duration of the listening to.

The complainant’s attorney Khurshid Alam Khan advised The Everyday Star that an enchantment would be moved in advance of the Appellate Division tough the HC rule.