Read the full judgment text of HCIA 000004/1977 on BabelCite. This HCIA judgment.
1. This is an appeal by way of Case Stated from the decision of a Board of Review which reversed the confirmation of Profit Tax assessments made against the Respondent, Dr. CHANG Liang-jen, for each of the basic periods in the four years commencing from 1st April, 1968 to 31st of March, 1972. The Respondent's liability for Profit Tax was assessed on his purchases and sales of locally quoted shares during those four basic periods.