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Manu Chandaria: I no longer want to talk business

Manu Chandaria: I no longer want to talk business
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Court orders KRA to refund Westgate Mall Sh3 million

THE STANDARD NAIROBI Westgate Mall s entry. [Jonah Onyango, Standard] KRA will refund Westgate Sh3 million after the High Court found that it had a conflicting account of why it declined to honour its end of the bargain. At the heart of the case is Sh33 million tax refund. The firm had requested KRA to use 30 million to offset the tax liability of its sister company Atlantic Group (K) Limited and refund the rest. KRA first accused the firm of making an illegal claim then turned around and said it had used all the money to offset Atlantic’s tax debt.

Justice majanjaJustice david majanjaAtlantic groupSony holdingKenya revenue authorityHigh courtWest gate shopping mallKenya revenueDavid majanjaKenindia insuranceஅட்லாண்டிக் குழுகேந்ய வருவாய் அதிகாரம்உயர் நீதிமன்றம்மேற்கு வாயில் கடையில் பொருட்கள் வாங்குதல் மால்கேந்ய வருவாய்

KRA loses bid for piece of Sh4 4bn Westgate payout

KRA loses bid for piece of Sh4.4bn Westgate payout VICTOR JUMA The Kenya Revenue Authority (KRA) has lost a court battle for a share of the Sh4.4 billion compensation that the Westgate Shopping Mall received from Kenindia Insurance following a terrorist attack in 2013. Through the commissioner of domestic taxes, KRA wanted the court to overturn a decision of the Tax Appeals Tribunal that blocked it from demanding Sh380.3 million from the mall owners, Sony Holdings Ltd. High Court judge David Majanja dismissed the appeal saying the Commissioner failed to demonstrate any error in the Tribunal’s decision that would warrant intervention by the court. Westgate owners had argued that the taxman had unfairly classified the compensation as revenue instead of capital to justify the tax demand. However, KRA maintained that Sh600 million of the compensation should have been regarded as income and was therefore liable for payment of 30 per cent corporation tax as Westgate h

Nairobi areaDavid majanjaKenindia assurance companySony holdings ltdSony holdings shKenya revenue authoritySony holdingsHigh courtWest gate shopping mallKenindia insuranceTax appeals tribunalAssurance companyநைரோபி பரப்பளவுசோனி ஹோல்டிங்ஸ் ஷகேந்ய வருவாய் அதிகாரம்சோனி ஹோல்டிங்ஸ்

KRA loses bid for piece of Sh4 4bn Westgate payout

KRA loses bid for piece of Sh4.4bn Westgate payout Wednesday May 05 2021 By JOSEPH WANGUI Summary Through the commissioner of domestic taxes, KRA wanted the court to overturn a decision of the Tax Appeals Tribunal that blocked it from demanding Sh380.3 million from the mall owners, Sony Holdings Ltd. High Court judge David Majanja dismissed the appeal saying the Commissioner failed to demonstrate any error in the Tribunal’s decision that would warrant intervention by the court. The Kenya Revenue Authority (KRA) has lost a court battle for a share of the Sh4.4 billion compensation that the Westgate Shopping Mall received from Kenindia Insurance following a terrorist attack in 2013.

Nairobi areaDavid majanjaKenindia assurance companySony holdings shSony holdings ltdHigh courtKenya revenue authoritySony holdingsTax appeals tribunalWest gate shopping mallKenindia insuranceAssurance companyநைரோபி பரப்பளவுசோனி ஹோல்டிங்ஸ் ஷஉயர் நீதிமன்றம்கேந்ய வருவாய் அதிகாரம்