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
- HCMP541/2011
The court found that Li & Fung had undue delay in commencing taxation after the appeal period expired but that parts of the delay were reasonably justified by the prior appeal; having regard to the Civil Justice Reform duties on both parties and the Commissioner's inaction in failing to invoke r 22(3), a proportionate sanction was to disallow interest on taxed costs for a limited period (5 months from 15 July 2012 to 15 December 2012) rather than impose global percentage deductions.