5 Nov 1986
HONG WAH INVESTMENT CO. LTD. v. COMMISSIONER OF INLAND REVENUE
- Citation
- HONG WAH INVESTMENT CO. LTD. v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of First Instance
- Case number
- HCIA1/1986
The Board was entitled to find the Company was the legal owner and that Mr Lam acted as its agent in letting the flats; therefore the rental profits were assessable to the Company despite Mr Lam having received the rents, and it was unnecessary to decide beneficial ownership/resulting trust.