21 Aug 2018
COMMISSIONER OF INLAND REVENUE v. PERFEKTA ENTERPRISES LTD
- Citation
- [2018] HKCA 544
- Court
- Court of Appeal
- Case number
- CACV115/2017
Both applications for leave to appeal to the Court of Final Appeal were dismissed. The court held Perfekta’s framed question was not engaged because the appeal was confined to choosing between the majority and the minority views and the minority view could be treated as the Board’s decision in those circumstances; and the Commissioner’s challenge to established trading profit computation was not reasonably arguable and did not demonstrate that ss14/16 IRO invariably dispense with opening/closing stock adjustments. Costs were awarded to the respective parties with certificate for two counsel.