19 Sept 2008
THE COMMISSIONER OF INLAND REVENUE v. TAM, KIN CHUNG
- Citation
- THE COMMISSIONER OF INLAND REVENUE v. TAM, KIN CHUNG
- Court
- District Court
- Case number
- DCTC8279/2007
The surcharge imposed under s.71(5) and s.71(5A) IRO is a monetary penalty (civil monetary penalty) within the meaning of s.34(3A) of the Bankruptcy Ordinance and therefore is not provable in bankruptcy; accordingly the defendant's discharge did not release that liability under s.32(7) and recovery is not barred by s.12.