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Case Number of the immediately preceding lawsuit
Seoul High Court 2016Nu31212 (Law No. 19, 2016)
Title
Whether losses incurred in the Gesung Industrial District may be recognized as losses under the Corporate Tax Act;
Summary
Losses incurred by a domestic corporation in the course of operating a business approved as one of the inter-Korean economic cooperation projects in the Gsung Industrial District shall be included in deductible expenses as the Corporate Tax Act applies.
Related statutes
Article 13 (Tax Base) of the Corporate Tax Act, Article 14 (Income for Each Business Year) of the Corporate Tax Act
Cases
2016du47628 Revocation of revocation of revocation of rectification
Plaintiff-Appellee
Korea00 Corporation
Defendant-Appellant
00. Head of tax office
The second instance decision
National Flag
Imposition of Judgment
October 27, 2016
Text
The appeal is dismissed.
The costs of appeal are assessed against the Plaintiff.
Reasons
The records of this case and the judgment of the court below and the grounds of appeal were examined. However, the grounds of appeal by the appellant are not included in the grounds prescribed in each subparagraph of Article 4(1) of the Act on Special Cases Concerning the Procedure for Appeal, and the appeal is dismissed in accordance with Article 5 of the same Act. It is so decided as per Disposition by the assent of