Decision No
 

PENALTY TAX -
 

incorrect tax return and failure to file tax returns - conduct of taxpayer - quantum of penalties - s 82A of the Inland Revenue Ordinance
 

profits tax - late filing of tax return after estimated assessment - quantum of penalty - s 82A of the Inland Revenue Ordinance
 

failure to file return in time - whether penalty excessive - s 82A of the Inland Revenue Ordinance
 

late filing of return - requirement for audited accounts - jurisdiction of Board of Review - quantum of amount of penalty - s 82A of Inland Revenue Ordinance
 

sale of plots of land - whether profit realised on sale of long term investments
 

whether taxpayer carried on business in Hong Kong - whether profits subject to assessment to profits tax
 

purchase of flat claimed to be as a residence - evidence disproved the assertions of taxpayer - profit subject to profits tax
 

whether second assessment can be validly issued on same income already assessed under previous valid assessment
 

whether taxpayer an employee or independent agent - broker's runner