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Ahmad Ullah Vs. Md. Younus and Ors, 2016, 45 CLC (HCD)

....ed to escape his liability under section 138(1) of the Negotiable Instruments Act, 1881, on any frivolous ground or on mere technicality then a lot of payee or beneficiary of the cheques and the financial institutions and the Bank will be at the verge of ruination and the resultant havoc in the..

Category: Banking Law | Date: 29 Feb, 2016 | Hits: 23

Nurun Nabir Sarker Vs. Secretary, Ministry of Education and Others, 2015, 44 CLC (HCD)

.... the name of the petitioner was enlisted in the monthly pay order (MPO) from May, 1995, being Index No. 258346, and since then he has been receiving government portion of his monthly salary and other financial benefit regularly, without any interruption, till to date; that without complying the mand..

Category: Administrative Law, Employment/Service Law | Date: 10 Nov, 2015 | Hits: 0

Turfatur Ain Chowdhury Vs. Artha Rin Adalat Dhaka and Others, 2015, 44 CLC (HCD)

....place their case and defend themselves before the Adalat, if they do not appear before the Adalat as defendants. 41. Ever since the Artha Rin Ain, 2003 was made operational in the year 2003, the financial institutions introduced institution of Money Suits directly in an expectation of being fac..

Category: Constitutional Law, Procedural Law | Date: 25 Aug, 2015 | Hits: 4

Salauddin Qader Chowdhury Vs. Chief Prosecutor, International Crimes Tribunal, Dhaka, Bangladesh, 2015, 44 CLC (AD)

....y along with other right wing religious minded political leaders met General Tikka Khan or expressed their solidarity. He denied the prosecution sugges­tion that he was deposing falsely on taking financial benefits from Salauddin Qader Chowdhury. 74. Quayyum Reza Chowdhury (D.W.3) stated th..

Category: International Crimes Tribunal Law | Date: 29 Jul, 2015 | Hits: 38

Mahmudul Islam Vs. Anti-Corruption Commi¬ssion and others, 2015, 44 CLC (HCD)

....irst installment the ACC sent the petitioner a cheque for an amount of Taka 3,37,250  without deducting any  amount as advance income tax and the petitioner paid income tax for the relevant financial year showing his total income which included the aforesaid sum of Taka 3,37,250. In the ne..

Category: Anti-Corruption Laws, Fiscal/Taxation Law | Date: 18 May, 2015 | Hits: 2

Moinuddin Hasan Rashid Vs. Registrar, Joint Stock Com¬panies and Firms and another, 2015, 44 CLC (HCD)

....upon the hold­ing of such AGM. The cost of this Application shall be borne out of the funds of the Company. Ed. This Case is also Reported in: 67 DLR (HCD) (2015) 326   ..

Category: Company Law | Date: 15 Apr, 2015 | Hits: 7

Muhammad Kamaruzzaman Vs. The Government of Bangladesh, 2015, 44 CLC (AD)

....on Human Rights, a subsidiary body ofthe UN Economic and Social Council (ECOSOC), replaced by theHuman Rights council in 2006, interpreted most serious crimes as notincluding non-violent acts such as financial crimes, religious practiceor expression of conscience and sexual relations between consent..

Category: Criminal Law, International Crimes Tribunal Law | Date: 5 Apr, 2015 | Hits: 60

Ananda Shipyard & Slipways Limited Vs. Commissioner Customs Bond Commissionerate, Dhaka, 2015, 44 CLC (HCD)

.... Act. 13. From the impugned orders i.e. the demand-cum-show cause notices (Annexure-C to the respective writ petitions), it transpires that the goods were imported under bonded facilities in the financial years 2008-2009 and 2009-2010 respectively. Although the bonded period was over, the petit..

Category: Fiscal/Taxation Law | Date: 2 Apr, 2015 | Hits: 0

International Leasing and Financial Services Limited, represented by its Managing Director, Mr. Mustafizur Rahman of 5 Rajuk Avenue, Dhaka-1000 Vs. The Commissioner of Taxes, Taxes Zone-LTU, Dhaka, 2014, 43 CLC (HCD)

....t-in-opposition, wherein it has been claimed that the Taxes Appellate Tribunal was legally justified in law in upholding the order of the DCT concern and the CT(Appeal) regarding the disallowances of financial expenses of Tk. 5,61,17,329.00, because, of the fact that the Assessee-applicant company f..

Category: Fiscal/Taxation Law | Date: 15 Dec, 2014 | Hits: 1

Singer Bangladesh Ltd Vs. National Board of Bangladesh, 2014, 43 CLC (HCD)

....s the useful job of preventing waste of public fund. He can disallow any expenditure which is in violation of the Constitution and the laws and thereby he upholds the Constitution and the laws in the financial sector of the administration." 23. The identical Article like that of Article 12..

Category: Constitutional Law, Fiscal/Taxation Law | Date: 15 Dec, 2014 | Hits: 5

Sonali Bank Limited Vs. UT Garments Limited and others, 2014, 43 CLC (HCD)

....ুদ্ধে উহা প্রয়োগ বা জারী করিতে পারিবেন৷” 6. If we read this section in its true perspec­tive then a suit filed by any financial institute can implead only 3 categories of person, i.e. principal debtor, third party mort..

Category: Banking Law | Date: 4 Dec, 2014 | Hits: 4

A Kader Zilani (Md.) Vs. State and another, 2014, 43 CLC (HCD)

....ommit such Criminal Breach of trust in respect of the property which was held within his domain rather it shows his bonafide intention to help one of the cus­tomers of the Bank in tiding over his financial difficulties." 48. From the materials on record, I find that though admittedly t..

Category: Anti-Corruption Laws | Date: 3 Dec, 2014 | Hits: 11

Youngone (CEPZ) Limited, Plot No.11-16, Sector-2, Export Processing Zone, Chittagong Vs. The Commissioner of Taxes, Taxes Zone-2 CGA Building, Chittagong, 2014, 43 CLC (HCD)

....rences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period or in previous financial statements shall be recognized in profit or loss in the period in which, they arise, excep..

Category: Fiscal/Taxation Law | Date: 30 Nov, 2014 | Hits: 1

Youngone (CEPZ) Limited Vs. Commissioner of Taxes, 2014, 43 CLC (HCD)

....rences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period or in previous financial statements shall be recognized in profit or loss in the period in which, they arise, excep..

Category: Fiscal/Taxation Law | Date: 30 Nov, 2014 | Hits: 17

One Bank Limited, represented by Mr. M. Fakhrul Alam, H.R.C. Bhaban, 46, Karwan Bazar, Dhaka, Bangladesh Vs. The Commissioner of Taxes, 2014, 43 CLC (HCD)

....held as under; “Admittedly the Assessee-applicant is a private bank under the controlling authority of the Bangladesh bank. The Bangladesh Bank regularly issues circular in controlling the financial affairs of the private banks, specially as to the classification of loan and provisioning ..

Category: Fiscal/Taxation Law | Date: 10 Nov, 2014 | Hits: 3

Bangladesh Bridge Authority (Ex-Jamuna Multipurpose Bridge Authority), Setu Bhaban, Air Port Road, Banani, Dhaka-1212 Vs. Commissioner of Taxes, 2014, 43 CLC (HCD)

....of the Income Tax Ordinance 1984 but enhanced the income to an amount of Tk. 143, 81, 18,712.00 and allowed an expenditure @ 27.10% and adjusted an amount of Tk. 29, 28, 41,643.00 against loss of the financial year 2001-2002, 2002-2003 and 2004-2005 and demanded tax at an amount of Tk. 114, 52, 77,0..

Category: Fiscal/Taxation Law | Date: 23 Oct, 2014 | Hits: 1

Fidelity Assets and Securities Co. vs. Commissioner of Taxes, 2014, 43 CLC (HCD)

....ey General Mr. Saikat Basu further argued that the provision of section 28(3) of the Income Tax Ordinance 1984 is not applicable in the case of the Assessee-applicant, since it is not a bank rather a financial institution and therefore the Assessee-applicant is not entitled to the benefit of section..

Category: Fiscal/Taxation Law | Date: 17 Sep, 2014 | Hits: 0

FAS Finance & Investment Ltd., Subastu Imam Square, 4th floor, 65 Gulshan Avenue, Gulshan, Dhaka Vs. The Commissioner of Taxes, Large Tax Payers Unit (LTU) Dhaka, 2nd 12th storied Building, Segunbagicha, Dhaka, 2014, 43 CLC (HCD)

....diate preceding assessment year and-- (a) does not have any income which is exempted from tax; or (b) does not have receipt of Gift; or (c) does not have loan other than from a bank or financial institution; or (d)sum of accretion of net wealth and shown expenditure is covered by..

Category: Fiscal/Taxation Law | Date: 17 Sep, 2014 | Hits: 2

Fidelity Assets and Securities Co. Ltd. Vs. Commissioner of Taxes, 2014, 43 CLC (HCD)

..... But the two appellate authorities did not consider the same in its correct perspective and failed to apply law. 22. So far the question of bad debt is concern the Assessee-applicant, being the financial institution and licensed under the provision of Financial Services Act 1993, is under the ..

Category: Fiscal/Taxation Law | Date: 16 Sep, 2014 | Hits: 0

Government of Bangladesh, represented by the Secretary, Ministry of Education and others Vs. SM Humayun Kabir and another, 2014, 43 CLC (AD)

....t the time of tendering res­ignation, respondent No.1 was seriously ill and was diagnosed with "General Anxiety Disorder" from 10-3-2007 till 9-9-2007. Respondent No.1 was facing severe financial crisis and finding dif­ficulty to cope with the various expenses of his treatment, con..

Category: Administrative Law | Date: 7 Sep, 2014 | Hits: 20