Read the full judgment text of HCIA 000007/1988 on BabelCite. This HCIA judgment was delivered on 3 May 1989.
1. These proceedings concern the liability of the Hang Seng Bank Limited ("The Bank") to assessment of Profits Tax under Sections 14 and 15 of the Inland Revenue Ordinance Cap. 112. They come before us by way of Case Stated direct from the Board of Review, pursuant to Section 69A of the Ordinance and the leave given by a single judge of this Court on 18th November, 1988. We are concerned with the three financial years from 1978/9 co 1980/81 and it will be convenient to set out immediately the re