Equitable Remedy Tax Disclosure
Summary
Equitable remedies in tax-related judicial reviews in Bangladesh are discretionary, considering factors like intent, timing, and manner of income disclosure. The Income Tax Ordinance 1984 governs tax laws, with penalties for evasion. Voluntary disclosure may reduce penalties. Judicial review can be sought in the High Court Division on grounds like illegality and procedural impropriety.Full Conversation
In Bangladesh?
In Bangladesh, the availability of equitable remedies under judicial review in tax-related matters is also discretionary and depends on the specific circumstances. Key factors considered are:
- The intent behind the concealment of income.
- Whether it was an honest mistake or deliberate evasion.
- The timing and manner in which the disclosure was made.
Would you like more detailed information on tax laws or judicial review procedures in Bangladesh?
Yes
Certainly! Here is some more detailed information regarding tax laws and judicial review procedures in Bangladesh:
Tax Laws in Bangladesh:
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Income Tax Ordinance *: This is the main legal framework governing income tax in Bangladesh.
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Penalty for Evasion: Deliberate evasion of tax can result in penalties, including fines and imprisonment.
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Voluntary Disclosure: There are provisions for voluntary disclosure of undisclosed income, which might reduce penalties.
Judicial Review Procedures:
- Filing a Petition: An aggrieved party can file a writ petition in the High Court Division of the Supreme Court of Bangladesh.
- Grounds for Review: Judicial review can be sought on grounds such as illegality, irrationality, and procedural impropriety.
- Discretionary Nature: The court's decision to grant an equitable remedy is discretionary and will depend on the specifics of the case, including the intent behind the concealment and the timing of the disclosure.
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