Read the full judgment text of HCIA 000004/1988 on BabelCite. This HCIA judgment was delivered on 15 December 1988.
1. This is an appeal by way of case stated by the Bank of India against the decision of the Board of Review given in favour of the Commissioner. In its business in Hong Kong, the Bank made substantial profits in discounting foreign bills of exchange and, to a lesser extent, in respect of commitments on loans to overseas borrowers.