19 May 2021
TAMAN EQUINE (M) SDN BHD KETUA PENGARAH HASIL DALAM NEGERI
- Citation
- WA-14-21-06-2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-14-21-06-2020 (Mahkamah Tinggi)
Payments to LPHS were revenue in character and deductible under s33(1) ITA because they were wholly and exclusively incurred to enable sale of the appellant's stock-in-trade (Bumiputera units) and removed an obstacle to generating income; alternatively deductible under s44(6) as gifts to a State Government; SCIT erred in treating the payments as capital or as penal fines and in relying on an inapplicable circular.