13 Jun 2025
Lim Hian Yu Sdn Bhd Ketua Pengarah Hasil Dalam Negeri
- Citation
- PA-14-3-08/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-14-3-08/2023 (Mahkamah Tinggi)
The SCIT misdirected itself by confining paragraph 9 of Schedule 2 to gifts; paragraph 9(a) expressly covers transactions not at arm's length and therefore the acquisition price for the shares should be determined by market value under paragraph 9 where the rights issue in a controlled company is not arm's length; the Assessments issued under paragraph 4 were therefore set aside.