Dhaka, June 1 -- The High Court on Wednesday ruled that tax imposition on the donated money by Nobel laureate Prof Dr Muhammad Yunus to three trusts is justified.
The High Court Bench of Justice Muhammad Khurshid Alam Sarkar and Justice Sardar Md Rashed Jahangir delivered the verdict, dismissing three applications filed by Prof Yunus challenging the tax liability on the money donated by him.
The HC Bench also said, the Deputy Commissioner of Taxes (DCT) of Taxes Zone-6 in Dhaka didn't commit any illegality by imposing 'gift tax' on the donated money.
According to the case documents, Prof Yunus donated Tk 767.33 million to three trusts namely
'Professor Muhammad Yunus Trust', 'Yunus Family Trust' and 'Yunus Centre'.
Later, the Deputy Co...