30 Nov 2023
INTERNATIONAL NATUROPHATIC BIO-TECH (M) SDN. BHD KETUA PENGARAH HASIL DALAM NEGERI MALAYSIA
- Citation
- W-01(A)-732-12/2021 (Mahkamah Rayuan)
- Court
- A
- Case number
- W-01(A)-732-12/2021 (Mahkamah Rayuan)
Given the totality of proven facts the Special Commissioners correctly inferred the shop lots were acquired for resale or constituted an adventure in the nature of trade: delivery of vacant possession to sale occurred within a short period, purchases were director‑financed, separate strata titles and strategic location facilitated resale, there was absence of efforts to let the properties and the company did not substantiate claimed exigent reasons for sale; appellate court will not disturb SCIT findings supported by evidence. The assessment of RM543,906.00 under Section 4(a) ITA and impositi…