American Leaf Blending Co Sdn Bhd v Director-General of Inland Revenue

Subject Matter

REVENUE — Malaysia — Revenue — Income tax — Accumulated losses — Company abandoning tobacco business after incurring losses — Letting of company's business premises — Assessment of tax on income from lettings — Claim to deduct accumulated losses from assessment — Whether rents derived from business source — Income Tax Act 1967, ss 4 (a) (d), 43 (1) (a)

[1979] AC 676; [1978] 3 WLR 985