3 Dec 1977
COMMISSIONER FOR INLAND REVENUE v. DR. CHANG LIANG-JEN
- Citation
- COMMISSIONER FOR INLAND REVENUE v. DR. CHANG LIANG-JEN
- Court
- Court of First Instance
- Case number
- HCIA4/1977
The Court held the Board of Review's finding that the profits were not chargeable as trading income was supported by evidence and not vitiated by any misdirection in law; the Board properly weighed the badges of trade and accepted credible explanations that showed portfolio investment rather than trading, so the appeal was dismissed.