27 Jan 2010
CHURCH BODY OF THE HONG KONG SHENG KUNG HUI v. COMMISSIONER OF INLAND REVENUE
- Citation
- CHURCH BODY OF THE HONG KONG SHENG KUNG HUI v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of First Instance
- Case number
- HCIA2/2009
On the facts found by the Board, there was a change of intention to trade by September 1989 or December 1990 and the appellants failed to prove the proviso to IRO s.88 applied (no evidence of application of profits or that trade fell within expressed objects or beneficiaries), so profits are taxable; Board decisions are upheld.