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Court of Appeal: Ketua Pengarah Hasil Dalam Negeri v Lai Keng Chong and Kong Chee Leong
Issue: Whether the gross profit ratio of 22% applied by the Revenue in raising the additional assessments in the case where the tax payer failed to keep and retain proper records was correct and reasonable.

Decision: The Court of Appeal allowed the Revenue’s appeal. The decision of the High Court is set aside and the order by the Special Commissioners is to be restored. Based on the facts of the case the gross profit ratio of 22% is a fair and proper estimate by the Revenue. 

Status: No grounds of judgment are provided by the Court of Appeal. No right of further appeal.
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Source : IRB website
Date of  Publication : Monday, 30 January 2012
Original Title : Ketua Pengarah Hasil Dalam Negeri v Lai Keng Chong and Kong Chee Leong
Suit No : Civil Appeal No. J-01-211-10
Court : Court of Appeal
Tags : Additional assessments, tax payer, failure to keep and retain proper records
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