1 Jun 2021
YEUNG CHIU SING RICKY AND ANOTHER v. TSUI TACK KONG
- Citation
- [2021] HKDC 582
- Court
- District Court
- Case number
- DCCJ6755/2019
The parties contractually agreed that EY's independent opinion would be authoritative on the deferred tax dispute; EY's report adhered to the engagement letter and expressly addressed the balancing charge and deferred tax accounting issues, concluding no balancing charge on a share sale and that only a negligible deferred tax asset existed; the defendant failed to show any material departure by EY or any triable issue supported by contemporaneous evidence; accordingly summary judgment was entered for plaintiffs to release HK$639,835 with interest and the defendant's counterclaim was dismissed.