30 Jun 2006
LAM SOON TRADEMARK LTD v. COMMISSIONER OF INLAND REVENUE
- Citation
- LAM SOON TRADEMARK LTD v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of Final Appeal
- Case number
- FACV29/2005
An assessor may make additional assessments under s.60 notwithstanding that original assessments were made under ss.15 and 21A and became final under s.70, because the proviso to s.70 preserves the power to correct assessments that were at less than the proper amount; further, omission by an assessor to deduct outgoings and expenses does not render an additional assessment void—such deductions must be advanced by the taxpayer through objection or appeal.