|
|
|
|
|
|
|
|
|
Court of Appeal: Ketua Pengarah Hasil Dalam Negeri v Syarikat Kion Hoong Cooking Oil Mills Sdn Bhd |
|
|
|
|
Issue: Whether paragraph 7(a)(ii) of Schedule 7A of the Income Tax Act 1967 precludes the tax payer from claiming Reinvestment Allowance for its non-promoted products under paragraph 1 of Schedule 7A of the Income Tax Act 1967.
Decision: The Court of Appeal allowed the Revenue’s appeal. The decision of the Special Commissioners of Income Tax is restored. The tax payer is not entitled to claim reinvestment allowance in respect of a non promoted product since during the year of assessment under appeal the tax payer has been granted pioneer certificate under the Promotion of Investment Act 1986.
Editor’s Note: No grounds of judgment are provided by the Court of Appeal. No right of further appeal.
|
|
|
|
|
|
|
|
|
|
|
|
The above/attached materials are sourced from the website of the official/original source by the Publishers of the CTIM Malaysian Tax portal. You shall not reproduce the above/attached materials in whole or in part without the prior written consent of the original/official source. Neither the Publishers nor the official/original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/attached materials. The Publishers also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials.
The access to, and the use of, the CTIM Malaysian Tax portal and contents therein are subject to the Terms of Use. |
| |
