IRB fails to get tax from TNB

In a filing with Bursa Malaysia yesterday, TNB said the High Court agreed with the submission of TNB’s legal counsel that it is in the business of manufacturing electricity.

PETALING JAYA: The High Court has allowed with cost Tenaga Nasional Bhd’s (TNB) judicial review application to set aside the Inland Revenue Board’s (IRB) notice of additional assessment of RM1.81bil dated July 13, 2020 for the year of assessment 2018.

In a filing with Bursa Malaysia yesterday, the power company said the High Court agreed with the submission of TNB’s legal counsel that it is in the business of manufacturing electricity.