Read the full judgment text of CACV 000008/2006 on BabelCite. This Court of Appeal judgment was delivered on 25 July 2006.
1. This was an appeal from a judgment of Chu J given on 2 December 2005. The matter before the judge was an application for judicial review of two decisions of the respondent. The first was a decision of 11 May 2004 to hold over part of the tax payable under a Notice of Additional Profits Tax Assessment for the year 1997/1998 on condition that the applicant purchase Tax Reserve Certificates (“TRC”) in the amount of $4,420,000 on or before 25 May 2004 pending the outcome of the applicant's obje