20 Jan 2004
SO KAI TONG STANLEY v. THE COMMISSIONER OF INLAND REVENUE
- Citation
- SO KAI TONG STANLEY v. THE COMMISSIONER OF INLAND REVENUE
- Court
- Court of First Instance
- Case number
- HCIA4/2002
The Court upheld the Board's factual inferences: the appellant failed to prove the genuineness and commercial basis of the office facilities and equipment rental payments and therefore those sums were not deductible to the claimed extent; where only part of an expense relates to production of profits apportionment under Rule 2A IRR is appropriate; entertainment expenses were only deductible to the extent proven (80% of HK$145,536.90) and the remaining amounts were not proven; the Board acted within its discretion in refusing adjournment. Accordingly the appeal is dismissed.