Damansara Holdings unit fails in bid for leave to seek judicial review against IRB

• In a Bursa Malaysia filing on Thursday (March 30), Damansara Holdings said the court further did not grant a stay order upon Damansara Realty (Johor) Sdn Bhd’s application to the same.

KUALA LUMPUR (March 30): Damansara Holdings Bhd's wholly owned subsidiary Damansara Realty (Johor) Sdn Bhd (DRJ) has failed in its bid for leave to seek a judicial review against the Director General of Inland Revenue’s (DGIR) decision in relation to an additional assessment, with costs of RM5,000 to be paid by DRJ to the Inland Revenue Board (IRB).

In a Bursa Malaysia filing on Thursday (March 30), Damansara Holdings said the court further did not grant a stay order upon DRJ’s application to the same.

“Upon advice by the company’s solicitors, the company has filed its notice of appeal against the High Court decision at the Court of Appeal today and will be filing its application for a stay of proceedings of the DGIR’s decision in relation to the additional assessment soon,” it said.

In September 2022, DRJ had been slapped with an additional income tax bill with a penalty of RM29.06 million from the IRB. This is for years of assessment 2016 to 2019.