Kathmandu. Global IME Bank is finally ready to pay the tax determined by the Inland Revenue Department, Lazimpat, Kathmandu, Large Taxpayers’ Office, Harihar Bhawan, Lalitpur by adding 1 percent. The bank has agreed to pay the tax by withdrawing the case from the Supreme Court.
A division bench of Justices Abdul Aziz Musalman and Bal Krishna Dhakal issued the order on September 28. This time, the government has added 1 per cent to the tax fixed in the budget and if the fee is paid by mid-January, the fee, penalty, additional fee, late fee or interest will be waived .
The bank had filed an application at the Supreme Court to withdraw the case filed by saying that it was ready to pay the old tax by adding 1 percent.
As per the order issued by the joint bench of the Supreme Court, the authorized representative of the bank had sought permission to withdraw the appeal in the case related to income tax (FY 2071/072).
The court has allowed the appeal to be withdrawn as per the demand and ordered that the file be submitted to the Records Section. This time, the government has added 1 percent to the tax fixed in the budget and if the fee is paid by the end of January, the fee, penalty, additional fee, late fee or interest { will be waived .
The apex court had sought permission to withdraw the writ petition filed by Chudamani Nepal on behalf of Global IME Bank.
