Decision No
 

PENALTY TAX -
 

incorrect tax returns by professional person - quantum of penalties - penalties increased - s 82A of Inland Revenue Ordinance
 

property investment - whether long term investment - whether profit on sale a trading profit
 

acquisition of properties - subsequent sale at a profit - whether profit liable to be assessed to profits tax
 

intention of taxpayer at time of acquisition of property - whether capital assets
 

gain or profit on sale of land
 

bonus in lieu of pension and travelling expenses - whether assessable to salaries tax and deductible as expenses
 

special bonus paid on commencement of employment - nature of special bonus - inducement to accept offer of employment - 'golden hello' - whether subject to assessment to salaries tax - ss 8(1) and 9(1) of the Inland Revenue Ordinance
 

deduction of expenses - whether expenses wholly, exclusively and necessarily incurred and whether expenses had been proved - s 12(1) of the Inland Revenue Ordinance
 

whether solicitor can claim cost of clothing as expense
 

income of a Roman Catholic Priest paid by a charitable institution - whether taxpayer receiving employment of profit or a non taxable basic living allowance
 

whether payment in lieu of leave assessable
 

study expenses - whether expenses deductible