45.00	Tax Assessment:
	Tax assessment of Sonali Bank Ltd. has been completed upto assessment year 2002-2003 (Income year upto 2001) resulting tax refund of Tk. 4,427,603,021 in favour of the Bank.  As regards latest status of the tax assessments  for the income years 2002, 2003, 2004 and 2008 these are not yet finalised by the tax  department. The Bank has submitted I.T. Returns showing loss of Tk.(2,122,965,887), Tk.(7,780,112,711), Tk.(1,939,843,960) and profit of Tk.3,734,684,108 for the assessment years 2003-2004, 2004-2005, 2005-2006 & 2008-2009 respectively. The loss shown by bank is inclusive of claim of Bad Debts written off. In the income years 1998, 2000, 2001, 2005, 2006 & 2007 the tax department did not accept the claim of Bad Debt written off, Provision for Ex-gratia, Provision for NOSTRO A/C., Provision for other Assets Interest on securities etc. against which the bank has filed appeal to the Honorable High Court.
	Detail of Tax assessment
	Income Year	Assessment Year	Tax Provision as per Account	Assessment made by	Present Status	Assessed Tax Liabilities	Payment of Advance Tax	Refundable/       (Payable)
	1992	1993-94	Nil	DCT	Settled	Nil	97,895,171	97,895,171
	1993	1994-95	Nil	DCT	Settled	Nil	118,229,244	118,229,244
	1994	1995-96	Nil	DCT	Settled	Nil	107,843,437	107,843,437
	1995	1996-97	Nil	DCT	Settled	Nil	327,047,412	327,047,412
	1996	1997-98	Nil	DCT	Settled	Nil	359,391,548	359,391,548
	1997	1998-99	Nil	DCT	Settled	Nil	368,350,061	368,350,061
	1998	1999-2000	Nil	DCT	Settled	Nil	442,119,323	442,119,323
	1999	2000-01	Nil	DCT	Reference to the High Court	Nil	600,818,273	600,818,273
	2000	2001-02	Nil	DCT	Settled	Nil	870,418,795	870,418,795
	2001	2002-03	Nil	DCT	Reference to the High Court	Nil	1,135,489,757	1,135,489,757
	2002	2003-04	Nil	-	Re-opened	not yet finalized	712,587,221	not yet finalized
	2003	2004-05	Nil	-	Re-opened	not yet finalized	588,000,560	not yet finalized
	2004	2005-06	Nil	-	Appeal to the tax appellate Tribunal	not yet finalized	518,028,392	not yet finalized
	2005	2006-07	Nil	DCT	Reference to the High Court	Nil	432,334,073	60,097,178
	2006	2007-08	Nil	DCT	Reference to the High Court	not yet finalized	538,154,625	(1379771358) Tax imposed by commissioner level
	2007	2008-09	Nil	DCT	Appeal to the tax appellate Tribunal	not yet finalized	1,218,137,968	(1573228458) Tax imposed by DCT level
	2008	2009-10	Nil	-	Not yet assessed	Not yet assessed	889,421,612	Not yet assessed
	2009	2010	Nil	-	-	-	581,031,291	-