Read the full judgment text of HCIA 000001/1987 on BabelCite. This HCIA judgment was delivered on 9 June 1987.
1. This is a case stated on 6th January 1987 for the opinion of the court pursuant to section 69 of the Inland Revenue Ordinance (Cap. 112). The case is stated on the application of Wing On Cheong Investment Co. Ltd. ("the Appellant"). The Appellant is dissatisfied with the decision of the Board of Review ("the Board") given on 16th July 1985, confirming a determination by the Revenue that the Appellant was liable to profits tax on assessable profits of $1,570,728and $13,002,129 for the years of