5 Aug 2020
KU EK MEI PEMUNGUT DUTI SETEM, UTC JOHOR BAHRU
- Citation
- J-01(NCvC)(A)-653-11/2019 (Mahkamah Rayuan)
- Court
- NCvC
- Case number
- J-01(NCvC)(A)-653-11/2019 (Mahkamah Rayuan)
The Court found the High Court erred in accepting JPPH's unexplained adjusted 'N' values over the actual sale consideration ('B') without adequate justification; comparable sales evidence (actual prices) subject to allowances is the primary guide; JPPH's use of its own revaluation of comparables amounted to valuation upon a valuation and lacked necessary evidential foundation. Accordingly the Court allowed the appeal, set market value for the First Subject Lot at RM1,100,000 and for the Second Subject Lot at RM8,301,252.86, set aside the High Court order and ordered refund of excess duty.