Read the full judgment text of CACV 000102/1996 on BabelCite. This Court of Appeal judgment was delivered on 17 December 1996.
1. This appeal concerns the tax affairs of the appellant Magna Industrial Co. Ltd. (Magna) for the years of assessment 1984/85 to 1991/92. During that period of seven years the profits, as determined by the Commissioner of Inland Revenue, amounted to over $150.6 million.