Act/Law wise: Judgment of Supreme Court of Bangladesh (HCD)



Gift Tax Act, 1990
Section/Order/ Article/Rule/ Regulation Head Note Parties Name Reference/Citation
Section 4(ja)

Gift Tax Act, 1990
Section 4(ja) And
Income Tax Ordinance, 1984
Section 53M:
The intention of the legislators when the Gift Tax Act, 1990 was enacted was to exempt certain persons from tax if the gift was made to the persons stated in Section 4(ja) of the Gift Tax Act, 1990. Moreover, we have also found that the impugned Section 53M of ITO was only inserted in the Finance Act 2010, while the Gift Tax Act, which was enacted in 1990, is an earlier law and is still very much a provision of law, since no amendment or changes to the law have been brought to till present. Therefore the provisions the Gift Tax Act, 1990 shall prevail over any insertion that might have been brought into the ITO 1984 and there can be no room for any presumptions or assumptions that tax must be paid by all in case of any gift which might be made to any person irrespective of his or her relationship with the donee of the gift and to presume such a thing is a serious misinterpretation of the law and is a misinterpretation of the intention of the legislators and shall result in serious miscarriage of justice. ...Asoke Das Gupta Vs Ministry of Finance & ors, (Civil), 7 SCOB [2016] HCD 148 ....View Full Judgment

Asoke Das Gupta Vs Ministry of Finance & ors 7 SCOB [2016] HCD 148
Section 4

Gift Tax Act, 1990
Section 4 And
Income Tax Ordinance, 1984
Section 53M:
Section 53M Explanation 1 is contrary to the rest of the provisions of the ITO, 1984, being against the sprit and intent of the Ordinance and also contrary to the Section 4 of Gift Tax Act, 1990. Therefore the impugned collection of advance tax against transfer of shares to the daughter of the petitioner is unlawful and without lawful authority. ...Asoke Das Gupta Vs Ministry of Finance & ors, (Civil), 7 SCOB [2016] HCD 148 ....View Full Judgment

Asoke Das Gupta Vs Ministry of Finance & ors 7 SCOB [2016] HCD 148