Prof Yunus pays Tk 12.47cr tax as per SC verdict

Arafat Rahman

Dr. Muhammad Yunus

After the judgment of the Appellate Division, Dr. Muhammad Yunus paid Tk 12 crore 46 lakh 76 thousand in arrears to the National Board of Revenue. He paid this amount through a check to Southeast Bank on Tuesday.

On July 23, the 4-member appeal bench led by the Chief Justice said that the Nobel laureate should pay the money due to NBR.

According to the case, according to the Donor Act of 1990, the National Board of Revenue (NBR) sent a notice demanding tax of about 12 crore 28 lakh 74 thousand against the total donation of 61 crore 57 lakh 69 thousand taka in the tax year 2011-12.

Challenging the validity of these notices Dr. Yunus filed a case in the Appellate Tribunal. His application was dismissed on 20 November 2014. In 2015, he filed three income tax reference cases in the High Court. The High Court issued a ruling in 2015 suspending the effectivity of donor claim notices after the preliminary hearing of the cases.

After the final hearing of that rule, the High Court ruled on May 31 declaring the donation imposed by NBR as valid against the money that he had donated to the three trusts established in his name considering the death and the welfare of the family members.

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