KUCHING: Southern Industrial Gas Sdn Bhd’s (SIGSB) investment in plants and machinery is qualified for re-investment allowance under Schedule 7A of the Income Tax Act, 1967, for assessment years 2010,2011 and 2012 and all subsequent years.
This was agreed to by the Inland Revenue Board (IRB) after SIGSB, a wholly-owned subsidiary of SIG Gases Bhd, filed a tax appeal before the special commissioners of income tax on Aug 26, 2011, for re-investment allowance of certain plant and machinery.
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