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Publications & News
Umno loses appeal to strike out RM16m suit from SRC and two others
14 June 2022 PUTRAJAYA (June 14): The Court of Appeal on Tuesday (June 14) dismissed an appeal by central Umno to strike out a RM16...
Court strikes out suit by JJ's mother against five including two grandchildren and a JC
25 May 2022 KUALA LUMPUR (May 25): The High Court on Tuesday (May 24) struck out a purported fraudulent suit by the late Tan Sri Dr...
Judicial commissioner recuses himself from SRC civil suit against Najib
13 May 2022 KUALA LUMPUR (May 13): Judicial Commissioner Datuk Mohd Arief Emran Arifin has recused himself from presiding over SRC...
Putrade Property Management fails to strike out SRC International suit
11 May 2022 KUALA LUMPUR (May 11): Putrade Property Management Sdn Bhd on Wednesday failed to strike out a RM1.43 million suit by SRC...
Umno says it should not be sued by SRC for RM16m as breaches involve company directors
10 May 2022 KUALA LUMPUR (May 10): Umno central in its defence against the RM16 million suit filed by SRC International Sdn Bhd and two...
Successful Judicial Review Application To Claim Investment Allowance: BPG v Minister Of Finance
On 29 March 2022, the High Court ruled held that the taxpayer may continue claim investment allowance amounting to RM 3.3 billion despite...
Transfer Pricing Adjustments: Applicability Of Section 140 Of The ITA
The recent trend of the Revenue to disregard and vary the taxpayer's transaction is no stranger to controversy. Whilst the Revenue is...
i-Serve Online Mall Granted Leave To Challenge Freezing Of Accounts By BNM In Court
18 APRIL 2022 KUALA LUMPUR (April 18): The High Court (Appellate and Special Power division) on Monday granted leave (permission) for...
AJ v Pemungut Duti Setem:High Court Rules Taxpayer Is Entitled To Stamp Duty Remission
On 30 March 2022, the High Court ruled that the Collector of Stamp Duties has no basis to refuse to grant the stamp duty remission under...
High Court rejects by Barakah Offshore Petroleum’s RM1.02b suit against Petronas
31 MARCH 2022 KUALA LUMPUR, March 31 — The High Court here today rejected a RM1.02 billion suit by Barakah Offshore Petroleum Bhd...
High Court dismisses UMNO, Zahid's bid to stop ex-1MDB subsidiary SRC suit hearing
31 MARCH 2022 KUALA LUMPUR (March 31): The High Court has dismissed a stay application by UMNO and its president Datuk Seri Ahmad Zahid...
High Court Allows Tax Deduction For ESOS Expenses
Recently, the High Court held that the Employee Share Option Scheme expenses incurred by a taxpayer company to be deductible under...
Another Mareva injunction sought against Najib to stop him from disposing of RM42 mil
22 MARCH 2022 KUALA LUMPUR (March 22) : SRC International Sdn Bhd and its subsidiary, Gandingan Mentari Sdn Bhd, have applied for a...
Taxation Of Foreign Source Income
In light of the Finance Act 2021, which came into effect on 1 January 2022, the amended Paragraph 28 of Schedule 6 of the Income Tax Act...
RP Sdn Bhd v DGIR: Trading Receipts Or Capital Receipts?
Recently, the High Court set aside the decision of the Special Commissioners of Income Tax and ruled in favour of the taxpayer that the...
SEO Sdn Bhd v KPHDN – A Recent Transfer Pricing Ruling
In transfer pricing cases, the Revenue does not have the authority to substitute the arm’s length price arbitrarily. If the Revenue...
1MDB, units win court order freezing Najib’s assets, limiting ex-PM to RM100,000 monthly
KUALA LUMPUR, Feb 8 — 1MDB and four subsidiaries secured an ex parte Mareva injunction against ex-prime minister Datuk Seri Najib Razak...
IRB fails to get RM1.8 billion in tax from TNB
KUALA LUMPUR (Feb 8): The Inland Revenue Board (IRB) has failed in its tax claim of RM1.8 billion for the year 2018 against Tenaga...
Judicial Review: Leave To Set Aside The Minister’s Decision In A Tax Matter
Recently, the High Court granted leave to the taxpayer to apply for an order for the Minister of Finance to exercise his power under...
DGIR v RH Sdn Bhd:The Application Of Section 140 Of The Income Tax Act 1967
The Director General of Inland Revenue has a tendency to invoke Section 140(1) of the ITA to vary taxpayers' transactions on the basis...
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