Volume 34
Publication Date: Dec 2019
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DIGEST OF CASES REPORTED
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Decision No. |
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CASE STATED |
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profits on sale of property – whether property acquired as a capital asset or a trading stock – whether Taxpayer put forward sufficient evidence to show its intention – whether Taxpayer could claim rebuilding allowance |
D26/17 |
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COSTS |
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wasting the resources of the Board – section 68(9) of the Inland Revenue Ordinance (Chapter 112) (‘the IRO’) [Decision in Chinese] |
D27/17 |
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PENALTY TAX |
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income omitted – sections 66(3), 68, 70, 80(2), 82(1), 82A and 82B of the Inland Revenue Ordinance (Chapter 112) (‘the IRO’) [Decision in Chinese] |
D27/17 |
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section 82A(1)(a) of the Inland Revenue Ordinance (‘the IRO’) – no intention to evade tax – insufficient understanding of the tax policy – already paid the tax in default and has not done any tax evasion act – investigation has seriously affect the goodwill of the appellant and has caused a sudden drop of business turnover [Decision in Chinese] |
D30/17 |
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PROFITS TAX |
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source– commission income and trading profits –sections 2, 14, 68(4) & (7) of the Inland Revenue Ordinance |
D25/17 |
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appeal out of time – whether to extend time to give notice of appeal – whether any ‘reasonable cause’ – sections 58(2), 58(4), 64(4), 66(1) and 66(1A) of the Inland Revenue Ordinance (Chapter 112) (‘IRO’) |
D29/17 |
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determination of profits tax assessment – purchase and sale of residential property – purchase and sale amounting to carrying on of trade or business – sections 2(1), 14(1), 68 and 68(4) of the Inland Revenue Ordinance (‘IRO’) [Decision in Chinese] |
D28/17 |
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Note: The latest position of unsettled appeals is shown in either (a) Table of Appeals to Court of First Instance or (b) Table of Appeals to Court of Appeal/Court of Final Appeal. When the final outcome of an appeal is known, the position is set out in either table and will disappear in the next issue of Board of Review Decisions.
To view "Table of Appeals to Court of First Instance/Court of Appeal/Court of Final Appeal" (position as at 31.8.2019), please click here.