27 Jun 2022
KETUA PENGARAH HASIL DALAM NEGERI MALAYSIA NG HUAN TONG
- Citation
- JA-14-4-07/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-14-4-07/2020 (Mahkamah Tinggi)
High Court upheld the SCIT's factual findings that the disposals were investment-driven and occasioned by an urgent commercial need to acquire HSM 2079, not part of a profit-making trading scheme; there was no error of law in SCIT's application of badges of trade and accordingly the disposals were not taxable as income under the ITA and the Revenue's case stated was dismissed.