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Volume 3 Third Supplement

Publication Date: Jan 1989

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DIGEST OF CASES REPORTED

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  Decision No. Download
APPEALS    

assets betterment statement - need for taxpayer to adduce proper evidence to challenge such a statement  

D47/88 Download D47/88 (DOC) - English Download D47/88 (PDF) - English
ASSESSMENTS    

assets betterment statement - disputed items  

D47/88 Download D47/88 (DOC) - English Download D47/88 (PDF) - English

whether the 'final and conclusive' provisions apply to additional assessments - s 70 of the Inland Revenue Ordinance  

D36/88 Download D36/88 (DOC) - English Download D36/88 (PDF) - English
INTEREST TAX    

exemption for interest paid to company carrying on business - acts preparatory to opening restaurant - whether taxpayer was carrying on business - s 28(1), proviso (b) of the Inland Revenue Ordinance  

D41/88 Download D41/88 (DOC) - English Download D41/88 (PDF) - English
PENALTY ASSESSMENT    

correct return lodged out of time - whether penalty could be levied - s 82A of the Inland Revenue Ordinance .  

D34/88 Download D34/88 (DOC) - English Download D34/88 (PDF) - English

general yardstick for calculation of penalties - s 82A of the Inland Revenue Ordinance  

D43/88 Download D43/88 (DOC) - English Download D43/88 (PDF) - English

'reasonable excuse' - s 82A of the Inland Revenue Ordinance   

D45/88 Download D45/88 (DOC) - English Download D45/88 (PDF) - English

whether penalties could be imposed on taxpayers who fail duly to lodge returns but subsequently submit correct returns - s 82A (l)(ii) of the Inland Revenue Ordinance  

D45/88 Download D45/88 (DOC) - English Download D45/88 (PDF) - English

whether penalties excessive - grounds for reduction: lack of criminal intent, lack of accounting expertise and ultimate submission of correct returns - s 82A of the Inland Revenue Ordinance  

D34/88 Download D34/88 (DOC) - English Download D34/88 (PDF) - English

whether penalties excessive - statement of relevant criteria - s 82A of the Inland Revenue Ordinance  

D40/88 Download D40/88 (DOC) - English Download D40/88 (PDF) - English

whether penalty excessive - general yardstick for calculation of penalties - s 82A of the Inland Revenue Ordinance  

D33/88 Download D33/88 (DOC) - English Download D33/88 (PDF) - English

whether penalty excessive - statement of relevant criteria - s 82A of the Inland Revenue Ordinance  

D42/88 Download D42/88 (DOC) - English Download D42/88 (PDF) - English

whether taxpayer could argue that he was not liable to pay tax - ss 70 and 82A of the Inland Revenue Ordinance  

D36/88 Download D36/88 (DOC) - English Download D36/88 (PDF) - English

whether taxpayer could argue that he was not liable to pay tax - ss 70 and 82A of the Inland Revenue Ordinance  

D42/88 Download D42/88 (DOC) - English Download D42/88 (PDF) - English

whether taxpayer could argue that he was not liable to pay tax - ss 70 and 82A of the Inland Revenue Ordinance   

D40/88 Download D40/88 (DOC) - English Download D40/88 (PDF) - English

whether taxpayer had a reasonable excuse -illiteracy and failure to keep proper records - s 82A of the Inland Revenue Ordinance  

D40/88 Download D40/88 (DOC) - English Download D40/88 (PDF) - English
PROFITS TAX    

deductions - acquisition of design - whether design is a trade mark - s 16E of the Inland Revenue Ordinance  

D46/88 Download D46/88 (DOC) - English Download D46/88 (PDF) - English

deductions - acquisition of unregistered trade mark -whether expenditure deductible - s 16E of the Inland Revenue Ordinance  

D46/88 Download D46/88 (DOC) - English Download D46/88 (PDF) - English

deductions - audit fees - s 16(1) of the Inland Revenue Ordinance   

D38/88 Download D38/88 (DOC) - English Download D38/88 (PDF) - English

deductions - interest - borrowing by company secured by charge over deposit owned by director earning tax-free interest - whether interest deductible - whether an incorporated company is a 'body of persons' - ss l6(2)(d)(ii) and (iii) of the Inland Revenue Ordinance  

D30/88 Download D30/88 (DOC) - English Download D30/88 (PDF) - English

deductions - interest - borrowing by company secured by charge over deposit owned by director earning tax-free interest - whether interest deductible - whether an incorporated company is a 'body of persons' - ss l6(2)(d)(ii) and (iii) of the Inland Revenue Ordinance  

D31/88 Download D31/88 (DOC) - English Download D31/88 (PDF) - English

deductions - interest - borrowing by company secured by charge over deposit owned by director earning tax-free interest - whether interest deductible - whether an incorporated company is a 'body of persons' - ss l6(2)(d)(ii) and (iii) of the Inland Revenue Ordinance  

D32/88 Download D32/88 (DOC) - English Download D32/88 (PDF) - English

deductions - severance payments made on cessation of business - whether deductible - s l6(l) of the Inland Revenue Ordinance  

D38/88 Download D38/88 (DOC) - English Download D38/88 (PDF) - English

deductions - special bonus to directors - payment expressed to be subject to a condition that the taxpayer have sufficient funds -condition not fulfilled - whether taxpayer could deduct the unpaid bonus - s 16(1) of the Inland Revenue Ordinance  

D50/88 Download D50/88 (DOC) - English Download D50/88 (PDF) - English

depreciation - industrial building allowance - definition of 'industrial building' - retailer using warehouse for storing goods in the course of its retailing business - whether its trade 'consists in' storage - s 40(l) of the Inland Revenue Ordinance  

D49/88 Download D49/88 (DOC) - English Download D49/88 (PDF) - English

depreciation - industrial building allowance - lease of warehouse for storage of goods on arrival into Hong Kong - whether lessor could claim industrial building allowance - s 40(1) of the Inland Revenue Ordinance  

D49/88 Download D49/88 (DOC) - English Download D49/88 (PDF) - English

insurance company (non-life) - interest received from offshore deposits - whether subject to profits tax - s 23A of the Inland Revenue Ordinance  

D51/88 Download D51/88 (DOC) - English Download D51/88 (PDF) - English

insurance company (non-life) - treatment of profits derived from non-insurance business - whether interest derived by an insurance company is derived from its insurance business - s 23A of the Inland Revenue Ordinance   

D51/88 Download D51/88 (DOC) - English Download D51/88 (PDF) - English

sale of land - development of premises - original intention to hold for long-term leasing purposes - premises unsuitable - frustration of original purpose - whether profits were trading gains or realization of capital - s 14 of the Inland Revenue Ordinance  

D39/88 Download D39/88 (DOC) - English Download D39/88 (PDF) - English

sale of land - redevelopment - whether profits were trading gains or realization of capital - evidential matters: short-term financing, short holding period and transfer to related company in anticipation of redevelopment - s 14 of the Inland Revenue Ordinance   

D48/88 Download D48/88 (DOC) - English Download D48/88 (PDF) - English

source of profits - tour operator - arranger of international cruises - activities conducted both within and outside Hong Kong - whether profits arose in or derived from Hong Kong - s 14 of the Inland Revenue Ordinance  

D35/88 Download D35/88 (DOC) - English Download D35/88 (PDF) - English
SALARIES TAX    

source of employment income - substantial portion of services rendered offshore - whether salary could be apportioned - whether secondment creates a new employment - s 8(1)(a) of the Inland Revenue Ordinance  

D37/88 Download D37/88 (DOC) - English Download D37/88 (PDF) - English
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