Read the full judgment text of on BabelCite. was delivered on 15 October 2003.
1. Under Section 42 of the Rating Ordinance, Cap. 116 ("the Ordinance"), the Appellant sought to reduce the rateable value of the subject tenement from $7,680,000 to $4,075,834.61 for the year of assessment 2001/2002, and from $6,780,000 to $4,075,834.61 for the year of assessment 2002/2003. On 10 September 2003, this Tribunal gave a written judgment and ordered that the rateable value of the subject tenement be fixed at $7,443,600 and $6,379,200 for years of assessment 2001/2002 and 2002/2003 r