TNB should be considered utility company, apex court rules

Federal Court rules in favour of LHDN in TNB tax assessment appeal

PUTRAJAYA, July 2 — The Federal Court today allowed the Inland Revenue Board of Malaysia’s (LHDN) appeal concerning the notice of additional tax assessment issued to Tenaga Nasional Berhad (TNB) for the year of assessment 2018. TNB said the Federal Court had set aside the earlier decisions of the High Court and the Court of Appeal, which had granted its judicial review application to quash the notice of additional assessment dated July 13, 2020.…

TNB should be considered utility company, apex court rules

The Federal Court overturns a Court of Appeal ruling that the company is in the business of manufacturing electricity and can seek a reinvestment allowance as tax relief.