27 Apr 2017
COMMISSIONER OF INLAND REVENUE v. PERFEKTA ENTERPRISES LTD
- Citation
- COMMISSIONER OF INLAND REVENUE v. PERFEKTA ENTERPRISES LTD
- Court
- Court of First Instance
- Case number
- HCIA1/2016
The Court held the Board's majority had insufficient evidential basis for its 're‑investment' finding and thereby erred in law; the Commissioner was entitled to challenge that unsupported finding and the Board's remittal decision was set aside. The initial payment could not be held to be trading income on the evidence before the Board and the Board's refusal to admit the new ground was correctly decided on the statutory test.