Read the full judgment text of CACV 000016/1989 on BabelCite. This Court of Appeal judgment was delivered on 12 May 1989.
1. This is an appeal from a decision of Mayo, J. upon a case stated of the Board of Review ("the Board") under section 69 of the Inland Revenue Ordinance, Cap, 112 in which he upheld the decision of the Board in favour of the Commissioner of Inland Revenue ("the Commissioner") holding that the appellant taxpayers were properly assessable to profits tax under section 14 of the Ordinance upon the rents received by them in the year of assessment 1979/80 in respect of the letting of a cinema.