The Badges of Trade: Motive/Intention of Taxpayer – Bukit Yew
![](https://ccs-co.com/wp-content/uploads/86f27c_f116d2b273cf476084e684dbad7841e6mv2.png)
High Court Malaya, Kuala Lumpur Harun Hashim J [Tax Appeal No. A3/83] 6 February 1987 JUDGMENT Harun J: This is an appeal from the Special Commissioners of Income Tax against their decision to confirm the additional assessment raised by the Revenue in respect of income tax for the year of assessment 1980. The agreed statement […]
The Badges of Trade: Motive/Intention of Taxpayer
![](https://ccs-co.com/wp-content/uploads/86f27c_48c26a87aa744831b7f350a2d800660fmv2.png)
ALF Properties Sdn Bhd v Ketua Pengarah Jabatan Hasil Dalam Negeri Civil Appeal No W-01-203-97. Appeal from the High Court, Kuala Lumpur – Income Tax Appeal No R1-14-13-95. Court of Appeal, Putrajaya. Judgment was delivered on 14 May 2005 and 18 August 2005 1. The appellants, a private limited company, were incorporated on 8 August […]
The Badges of Trade: Frequency of Transactions
![](https://ccs-co.com/wp-content/uploads/86f27c_c29259fa9ced4b7fa22f4a2ecddb7274mv2.png)
Even if a single transaction could be considered a trade, the idea of trading is more likely to be implied when a lot of transactions are done in a planned way. When different sets of actions, none of which are traded on their own, are done on various occasions that aren’t too far apart, the […]
Characteristics of the Tax System
![](https://ccs-co.com/wp-content/uploads/86f27c_d54977f32b81420aacb80e628221432cmv2.jpg)
The better way to understand taxation’s meaning is by examining taxation’s characteristics. 1. An Obligatory Payment The payment of taxes is voluntary for certain people. Before any individual is obligated to make tax payments, they must satisfy various prerequisite conditions. Only those individuals who are considered to be “taxable persons” are required to make tax […]