Decision No
 

Retention of proceeds of sale of goods in U.S. dollars─monies deposited in U.S.A. banks on 7 days call─subsequent conversion to H.K. dollars─loss incurred owing to devaluation of U.S. dollar─whether exchange loss deductible for profits tax purposes
 

D 16/78 (PDF file)

Credit union─liability to tax─application of the mutuality principle ─taxpayer a club
 

D 1/79 (PDF file)

Additional Tax─no tax returns filed by deceased taxpayer─value of estate exceeding $1,500,000─estimated assessment of profits raised against estate─ "nil" returns filed by personal representative─assessment revised─settlement of tax payable─assessment to additional tax under section 82A of Inland Revenue Ordinance for filing "nil" returns─whether estate of deceased liable for assessment to additional tax─whether personal representative personally liable for assessment to additional tax
 

D 3/79 (PDF file)

Rebuilding allowance─redevelopment of land─expenditure incurred on pay­ment of compensation to vacating tenants, demolition of old building and site investigation in construction of new building─whether owner entitled to a rebuilding allowance in respect of expenditure incurred under section 36 of the Inland Revenue Ordinance
 

D 5/79 (PDF file)

Pre-war building owned and occupied by taxpayer─whether the restrictions imposed by Part I of the Landlord and Tenant (Consolidation) Ordinance should be ignored in determining the assessable value of an untenanted property under section 5A (2) of the Inland Revenue Ordinance
 

D 2/78 (PDF file)

Adjustment to assessable income─assistants engaged by taxpayer─whether expenditure incurred deductible as allowable expense under s. 12(l)(a) of the Inland Revenue Ordinance
 

D 19/78 (PDF file)

Additional tax─taxpayer understated income─assessment to penal additional tax─plea of “reasonable excuse” rejected─duty to make a true return─re-opening of past assessments refused─Inland Revenue Ordinance, ss. 70 and 82A
 

D 7/79 (PDF file)