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Case Number of the immediately preceding lawsuit
Daejeon High Court-2018-Nu-13290 ( October 27, 2019)
Title
(1) The free retirement of shares converted into investment constitutes a cause of bad debt.
Summary
(C) If a claim is converted into equity and is discharged without compensation under the rehabilitation plan approval plan, the claim becomes final and conclusive as the recovery impossible, which constitutes a cause of bad debt tax deduction.
Related statutes
Article 45 of the Value-Added Tax Act
Cases
2019du46824 Disposition to revoke the imposition of value-added tax.
Plaintiff-Appellant
Aaa Co., Ltd.
Defendant-Appellee
Head of Public Tax Office
Judgment of the lower court
Daejeon High Court 2018Nu13290 ( October 27, 2019), Daejeon High Court
Imposition of Judgment
October 31, 2019
Text
The appeal is dismissed.
The costs of appeal are assessed against the Plaintiff.
Reasons
All of the records of this case and the judgment of the court below and the grounds of appeal were examined, but it is clear that the assertion on the grounds of appeal by the appellant falls under Article 4 of the Act on Special Cases Concerning the Procedure for Appeal and therefore, the appeal is dismissed under Article 5 of the Act. It is so decided as per Disposition