19 Apr 1979
WING TAI DEVELOPMENT CO LTD v. COMMISSIONER OF INLAND REVENUE
- Citation
- WING TAI DEVELOPMENT CO LTD v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of First Instance
- Case number
- HCIA3/1978
The Court held the Board was entitled to find the appellant's disposal of the Wah Kwong shares constituted a trading adventure, and that the appellant failed to discharge the burden of proving the correct value of the shares on 23 February 1973; the Board was therefore entitled to reject the appellant's valuation evidence and the appeal was dismissed.