Aluminium Enterprises Ltd. and Others v The Commissioner of Income Tax.  BTC 550
Judgments delivered 3 July 1985.
Income tax – Mauritius – Tax exemption legislation – Legitimately taken advantage of by company – Undistributed profits of company not liable to tax as if in hands of shareholders – Legislation re-enacted in different form during company’s tax exemption period – Whether company’s undistributed profits now to be assessed as if in shareholder’s hands – Income Tax Act 1974, sec. 33(2), (4), 40.
This was an appeal by the taxpayers from a decision of the Supreme Court of Mauritius concerning the proper construction of the Income Tax Act 1974.