The Commissioner of Inland Revenue (Hong Kong) v Lo and Lo (a firm).  BTC 281
Judicial Committee of the Privy Council.
Judgment delivered 10 May 1984.
Profits tax – Hong Kong – Computation of profits – Provision for future retirement benefits – Whether provision deductible as expense incurred in the production of taxable profits – Inland Revenue Ordinance (Hong Kong) 1956, sec. 16.
This was an appeal by the Commissioner of Inland Revenue against a decision of the Court of Appeal of Hong Kong that sums carried to reserve to answer future retirement payments for staff were expenses incurred in the production of profits.