4 Jul 2007
CHINA MAP LTD v. COMMISSIONER OF INLAND REVENUE
- Citation
- CHINA MAP LTD v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of Appeal
- Case number
- CACV341/2006
The Court of Appeal upheld the Board's factual conclusion that appellants failed to prove the profits were capital and therefore failed to discharge the burden under s68(4); the absence of an express finding that appellants were trading did not render the decision unsustainable where the appellants' capital argument was rejected on the evidence and the Board's conclusions were within the range of reasonable outcomes.