4 Mar 2014
COMMISSIONER OF INLAND REVENUE v. LI & FUNG (TRADING) LTD
- Citation
- COMMISSIONER OF INLAND REVENUE v. LI & FUNG (TRADING) LTD
- Court
- Court of First Instance
- Case number
- HCIA3/2010
LFT's delay in commencing taxation (effectively seven months beyond the three-month period after expiry of the appeal window) was undue; settlement negotiations on costs were not sufficiently evidenced; however, given the Commissioner had not invoked r22(3) and thereby failed to assist the court as required by the CJR, a global percentage deduction was inappropriate. The appropriate sanction was to disallow interest on the taxed costs for a limited period of five months (15 July 2012 to 15 December 2012) for each bill.