Read the full judgment text of HCIA 000002/1976 on BabelCite. This HCIA judgment.
1. The respondent in this appeal, pursuant to the now repealed, but here applicable, section 15A of the Inland Revenue Ordinance (to which I shall refer as the Ordinance), had a single assessment made in respect of the profession and a business in which he was engaged. He was notified by Inland Revenue Department on the 21st January, 1975 that he had no assessable profits for the year of assessment 1973/74, and that he had no loss capable of being carried forward from that year of assessment int