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Case Number of the immediately preceding lawsuit
Seoul High Court-2015-Nu-33730 (2015.08)
Title
(C) If the market value of the unlisted stock transaction between a person with no special relationship is unclear, it shall be calculated by the supplementary method of assessment under the Inheritance Tax and Gift Tax Act.
Summary
In calculating the market price for the transaction of unlisted stocks between those who are not in a special relationship, it is reasonable to calculate the market price of stocks according to the supplementary evaluation method stipulated in the Inheritance Tax and Gift Tax Act in the case where the market price is unclear.
Related statutes
Article 40 of the Enforcement Decree of the Corporate Tax Act
Cases
Supreme Court Decision 2015Du53664 Decided revocation of Disposition of Corporate Tax Imposition
Plaintiff-Appellant
AAA, Inc.
Defendant-Appellee
00. Head of tax office
Judgment of the lower court
Seoul High Court Decision 2015Nu33730 Decided October 08, 2015
Imposition of Judgment
on October 2016 03
Text
The appeal is dismissed.
The costs of appeal are assessed against the Plaintiff.
Reasons
Examining the lower judgment and the grounds of appeal, the grounds of appeal by the appellant are not included in the grounds of appeal under each subparagraph of Article 4(1) of the Act on Special Cases concerning the Procedure for Appeal, or are deemed to have been committed under each subparagraph of paragraph (3). Thus, the appeal is dismissed under Article 5 of the same Act. It is so decided as per Disposition by