D - Gov

(All Best Wishes v CIR, vol 3 HKTC 750 applied.) (3) Section 68(4) of the Inland Revenue Ordinance puts the burden for proof on the taxpayer. Thus the taxpayer failed to discharge its burden of proof. Appeal dismissed. Case referred to: ... Alternative to (a) above, if the Taxpayer is liable to profits tax in respect of the sale of the Land ... ................
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