19 Sept 2006
ZENTRUM HOLDINGS LTD AND ANOR V COMMISSIONER OF INLAND REVENUE SC 44/2006
- Citation
- SC 44/2006
- Court
- Supreme Court
Leave to appeal was granted on the discrete question whether the Farnsworth principle continues to apply and, if so, whether it precludes the Commissioner from arguing the transactions were a sham, because that issue was sufficiently arguable; leave was refused on the s108 ground because it was not sufficiently arguable that the Commissioner's position would increase the amount assessed so as to fall within the time bar in s108.