Read the full judgment text of HCIA 6/2009 on BabelCite. This HCIA judgment was delivered on 8 July 2011.
1. This is an appeal by the Aviation Fuel Supply Company (“AFSC”) from a Determination of the Deputy Commissioner of Inland Revenue, Mr Chu Yam-yuen, made on 11 February 2009. By his determination, the Deputy Commissioner confirmed the profits tax assessment on AFSC for the year of assessment 2003/04, subject to two adjustments, neither of which is material for the purposes of this appeal. The net assessable profits of AFSC for the year of assessment in question, as so confirmed, amounted to H