Read the full judgment text of HCIA 4/2020 on BabelCite. This HCIA judgment was delivered on 27 January 2021.
1. The audited accounts of Hang Heung Hop Kee (“ Hop Kee ”) stated that money payable to the appellant (“ Mr Cheng ”) as directors’ emoluments was applied towards discharge of debts owed by Hang Heung Cake Shop . The audited accounts were stated to be true and correct and were signed by Mr Cheng as a director. The respondent (“ CIR ”) charged Mr Cheng to salary tax. Mr Cheng said that no money had been received by him and the audited accounts merely reflected the set off of debts between the
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