Seoul High Court 2014Nu55467 ( December 02, 2014)

(P) The transaction price of the shares in this case is reasonable to reflect objective exchange values.

(A) The sole ground for appeal by the Defendants is that the transaction price of the instant shares did not properly reflect the objective exchange value at the time.

Article 42(3) of the Inheritance Tax and Gift Tax Act

Supreme Court Decision 2014Du47518

U.S. 00 et al.

Head of Gangnam District Tax Office et al.

Seoul High Court Decision 2014Nu55467 Decided December 2, 2014

2015.04.09

All appeals are dismissed.

The costs of appeal are assessed against the Defendants.

Examining the judgment of the court below and the grounds of appeal, the grounds of appeal by the appellant are not included in the subparagraphs of Article 4 (1) of the Act on Special Cases Concerning the Procedure for Appeal or are deemed to fall under each subparagraph of paragraph (3). Thus, all appeals are dismissed under Article 5 of the same Act. It is so decided as per Disposition by the assent