30 Nov 2006
ASIA MASTER LTD v. THE COMMISSIONER OF INLAND REVENUE
- Citation
- ASIA MASTER LTD v. THE COMMISSIONER OF INLAND REVENUE
- Court
- Court of First Instance
- Case number
- HCAL114/2005
The application for judicial review is dismissed primarily on procedural grounds: the Commissioner had made the substantive decisions on 10 September 2004, AML's challenge was brought after undue delay and would be detrimental to good administration, and AML failed to exhaust available statutory appeals; on the merits the court found sections 61 and 61A provided lawful basis to treat AGIGL's profits as assessable to AML and the section 64 and 70A time limits barred the late objections and correction applications.