2 Feb 1989
COMMISSIONER OF INLAND REVENUE v. DEAN WITTER REYNOLDS (HONG KONG) LTD
- Citation
- COMMISSIONER OF INLAND REVENUE v. DEAN WITTER REYNOLDS (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCIA8/1989
The court held that the word 'deposit' in section 28(1)(a) of the Inland Revenue Ordinance bears its ordinary and natural meaning and includes the statutory deposits required under the Securities Ordinance and the Commodities Trading Ordinance; the Board of Review erred in applying the ejusdem generis rule where no genus existed, and accordingly interest on those deposits is chargeable to interest tax.