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Court of Appeal: Ketua Pengarah Hasil Dalam Negeri v Primary Properties Sdn Bhd |
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Issue: Whether capital expenditure incurred by the tax payer for construction of roads and building in the logging area is a qualifying forest expenditure qualified for forest allowance under paragraph 8 of Schedule 3 of the Income Tax Act 1967.
Decision: The Court of Appeal dismissed the Revenue’s appeal. The tax payer is entitled to claim forest allowance under paragraph 8 of Schedule 3 of the Income Tax Act 1967 notwithstanding the fact that the tax payer is not a person who has a license or concession to extract timber.
Editor's Note: No grounds of judgment are provided by the Court of Appeal. No right of further appeal.
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