Review Nepal News

Parliamentarians Demand To Study The SC Verdict On Ncell Tax Assessment

www.reviewnepal.com
  Kathmandu, Nepal      August 30 2019

 
Kathmandu, Nepal, Aug 30, 2019: It is likely that the Parliamentary Committee on Law, Justice and Human Rights, under the federal parliament would study the Supreme Court (SC)’s recent verdict on Ncell tax assessment. 

Though the committee has not made formal decision, most of the members of the committee have on Monday demanded a study of SC verdict stating that a recent ruling of the SC would contradict to its earlier verdict and its own instructions made earlier.

A full bench of Justices Tej Bahadur KC, Purusottam Bhandari, Dambar Bahadur Shahi, Sushmalata Mathema and Manoj Kumar Sharma had issued an order to the government not to implement its tax assessment made by the Large Taxpayers Office (LTO). 

The recent verdict of the SC is suspected of the contradiction of the SC order made February 7 by the Chief Justice Cholendra Samsher Rana and the recommendation made by the committee.

The LTO had determined that the Ncell Company had to pay Rs 39 billion as CGT including accrued interest and fines.