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Case information
| Court | Supreme Court of Bangladesh — High Court Division |
|---|---|
| Case reference | Income Tax Reference 317/2018 |
| Case-reference year | 2018 |
| Case type | Income Tax Reference |
| Court website upload date | 09-SEP-26 |
The case-reference year is not the judgment year. The court website upload date is not a judgment date.
Official index description
Source: Supreme Court official index.
The disallowance of expenses from the profit and loss accounts is purely factual matters involving no complex question of law. Therefore, we are of the view that we should not disturb the factual findings legally settled by the Tribunal. We find no provision of law that allows for the determination of foreign currency invested as a “share money deposit” as income under section 28 of the Income Tax Ordinance, 1984. While the Tribunal is competent to decide all questions of fact and law and serves as the final arbiter of factual matters, the legal aspects were entirely ignored.