Yunus’s firms don’t need to pay Tk 663cr tax: HC

The High Court has revoked the order that cleared the way for the National Board of Revenue to claim Tk 666 crore as taxes from Grameen Kalyan, and firms of Nobel laureate Professor Muhammad Yunus.

An HC bench consisting of Justice Muhammad Khurshid Alam Sarkar and Justice Sardar Rashed Jahangir passed the self-motivated order.

The court also sent the case document to the chief justice.

Sources from the concerned bench confirmed the matter on Thursday (October 3).

Earlier on August 4, the HC rejected two writ petitions filed by Grameen Kalyan, challenging the legality of imposition of income tax worth Tk666 crore on the organisation.