Read the full judgment text of HCIA 000001/1996 on BabelCite. This HCIA judgment was delivered on 25 March 1997.
1. On various dates in March and July 1990, the Inland Revenue Board of Review ("the Board") heard an appeal by Chanway Investment Co. Ltd. ("the taxpayer") against an assessment to profits tax for the 1986/87 fiscal year. The Board dismissed the appeal on 17th July 1991. The taxpayer required the Board to state a case on a question of law for the opinion of the High Court. The Board agreed to do so, and the taxpayer's appeal by way of case stated is now before me.