PUNCAK

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MATERIAL LITIGATION PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY") NOTICES OF ASSESSMENT ISSUED BY THE INLAND REVENUE BOARD ("IRB") IN ACCORDANCE WITH THE INCOME TAX ACT 1967 ("ITA") TO PUNCAK NIAGA MANAGEMENT SERVICES SDN BHD ("PNMSSB")

PUNCAK NIAGA HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY")
NOTICES OF ASSESSMENT ISSUED BY THE INLAND REVENUE BOARD ("IRB") IN ACCORDANCE WITH THE INCOME TAX ACT 1967 ("ITA") TO PUNCAK NIAGA MANAGEMENT SERVICES SDN BHD ("PNMSSB")

Reference is made to the Company's announcements dated 3 December 2020, 10 December 2020, 16 December 2020, 14 January 2021,18 January 2021, 6 May 2021, 19 May 2021, 11 June 2021, 6 September 2021, 18 November 2021, 21 December 2021, 17 March 2022, 1 June 2022, 5 September 2022 and 7 December 2022 in relation to the Judicial Review Application filed by Puncak Niaga Management Services Sdn Bhd ("PNMSSB") to challenge the Notices of Assessment known as Form J which PNMSSB received from the Inland Revenue Board (“IRB”) on 23 November 2020 for the Years of Assessment 2017 and 2018 amounting to RM2,292,182.64 and RM1,988,472.96 respectively (hereinafter referred to as “Notices”).

Puncak wishes to announce to the Exchange that the Kuala Lumpur High Court has allowed the IRB’s application to intervene in PNMSSB’s Judicial Review Application with an order of cost in the cause on 16 February 2023. The Kuala Lumpur High Court also directed parties to attend a case management fixed on 28 March 2023 to obtain further instructions. As the Kuala Lumpur High Court had previously granted an interim stay of the enforcement of Form J on PNMSSB until the disposal of the leave hearing in respect of PNMSSB’s Judicial Review Application, no taxes are payable by PNMSSB since the interim stay has been granted.
 

This announcement is dated 16 February 2023.






Announcement Info

Company Name PUNCAK NIAGA HOLDINGS BERHAD
Stock Name PUNCAK
Date Announced 16 Feb 2023
Category General Announcement for PLC
Reference Number GA1-16022023-00015