TNB, IRB enter consent judgment over RM2bil tax bill

PETALING JAYA: Tenaga Nasional Bhd and the Inland Revenue Board (IRB) have entered into a consent judgment before the Kuala Lumpur High Court to substitute the judicial review proceedings with regard to the notices of additional assessment dated Nov 23, 2015 by filing an appeal to the Special Commissioners of Income Tax (SCIT).

“The consent judgment also provides that the IRB will not commence any proceedings against the notices until this matter is determined by the SCIT and by the High Court on a subsequent appeal,” TNB said in a filing with Bursa Malaysia.