logo
#

Latest news with #812

No winners of major lotto draws as Ultra Lotto jackpot reaches P267.8 million
No winners of major lotto draws as Ultra Lotto jackpot reaches P267.8 million

GMA Network

time4 days ago

  • General
  • GMA Network

No winners of major lotto draws as Ultra Lotto jackpot reaches P267.8 million

There were no winners of either of the major lotto prizes the Philippine Charity Sweepstakes Office (PCSO) drew for on Sunday, July 27, 2025. Days after one lucky bettor won the P63.9-million Lotto 6/42 pot, no bettor chose the winning combination of 23-40-38-39-50-42 for the Ultra Lotto 6/58 jackpot, which has risen to P267,812,434.00. There was also no bettors who selected the winning combination of 01-33-34-11-39-22 for the Superlotto 6/49 prize of P43,009,332.60. Click here for the complete lotto results for Sunday, July 27, 2025. — BM, GMA Integrated News

PGA raids Batu Gajah factory, seizes RM10 mln in illegal aluminium
PGA raids Batu Gajah factory, seizes RM10 mln in illegal aluminium

The Sun

time17-07-2025

  • The Sun

PGA raids Batu Gajah factory, seizes RM10 mln in illegal aluminium

BATU GAJAH: The General Operations Force (PGA) uncovered an illegal aluminium processing operation in the Pengkalan 4 Industrial Area, Pusing, seizing 1,221.3 tonnes of the metal valued at nearly RM10 million. The raid, conducted yesterday evening, involved multiple enforcement agencies. PGA Northern Brigade Deputy Commander ACP Shamsul Baharin Aman confirmed the operation was a joint effort between the 3rd Battalion PGA Intelligence Unit, Northern Brigade Headquarters, and the 1st Battalion PGA, supported by the Perak Department of Environment (DOE) and Batu Gajah District Council. Authorities found the factory operating without a valid licence under the Environmental Quality Act 1974. 'The premises contained a significant amount of aluminium, along with processing machinery and a lorry engine,' Shamsul Baharin said. A 37-year-old factory manager was detained for questioning. The total seizure, including equipment, was estimated at RM11,812,280. Investigations revealed the facility had been operational since 2023, employing 10 workers to process and export metal materials. Perak DOE director Datuk Dr Mohammad Ezanni Mat Salleh confirmed the seized aluminium falls under scheduled waste code SW 422, which prohibits unlicensed handling of metal-solvent mixtures. - Bernama

RM11.8mil worth of aluminium, machinery seized in Perak raid
RM11.8mil worth of aluminium, machinery seized in Perak raid

New Straits Times

time17-07-2025

  • New Straits Times

RM11.8mil worth of aluminium, machinery seized in Perak raid

IPOH: The Third Battalion of the General Operations Force (GOF) has raided an illegal aluminium processing factory and uncovered more than 1,200 tonnes of aluminium and machinery valued at over RM11.8 million. The operation, conducted under Op Hazard, was led by the Intelligence Branch of Battalion 3 of the GOF, with support from the Northern Brigade GOF Intelligence Branch, Battalion 1 GOF, the Perak Department of Environment (DOE), and the Batu Gajah District Council. GOF Northern Brigade Deputy Commander Assistant Commissioner Shamsul Baharin Aman said the raid was carried out yesterday in the Pengkalan Industrial Area 4, Pusing. Shamsul said the factory had allegedly been operating without the required licences and permits under the Environmental Quality Act 1974. "We also arrested a 37-year-old local man who identified himself as the factory manager for further investigation. "We discovered and seized approximately 1,221.3 tonnes of aluminium, various scheduled waste materials, and processing machinery, including a lorry engine. "The total value of the seized items is estimated at RM11,812,280," he said at a press conference at the factory today.

Federal court rules in favour of LHDN over RM1.8bil tax appeal against TNB
Federal court rules in favour of LHDN over RM1.8bil tax appeal against TNB

The Star

time02-07-2025

  • Business
  • The Star

Federal court rules in favour of LHDN over RM1.8bil tax appeal against TNB

PUTRAJAYA: The Federal Court on Wednesday (July 2) allowed the Inland Revenue Board's (LHDN) appeal to reinstate an additional tax assessment of RM1.8bil against Tenaga Nasional Berhad (TNB) for the 2018 assessment year. A five-member panel chaired by Court of Appeal President Tan Sri Abang Iskandar Abang Hashim unanimously overturned the earlier decisions of both the High Court and the Court of Appeal, which had ruled in favour of TNB and quashed the LHDN's tax assessment. The other members of the panel were Federal Court judges Tan Sri Nallini Pathmanathan, Datuk Zabariah Mohd Yusof, Datuk Rhodzariah Bujang, and Datuk Abu Bakar Jais. No order as to costs was made, with the court noting that the matter involved issues of public interest. Delivering the court's judgment, Justice Rhodzariah held that TNB's claim for reinvestment allowance (RA) under Schedule 7A of the Income Tax Act 1967 (ITA) was misconceived and not in accordance with the provisions of the Act. She added that TNB ought to have applied for an investment allowance under Schedule 7B of the ITA, rather than seeking RA under Schedule 7A. She explained that the legislative intent behind Schedule 7A was to incentivise manufacturing companies to reinvest in their existing operations in Malaysia. In contrast, Schedule 7B provides for investment allowance incentives specifically tailored to companies in the services sector, as approved by the Minister of Finance. Justice Rhodzariah further noted that TNB is authorised to impose a service charge under the Service Tax Act 2018, which reinforces its status as a service provider. As such, the court found that TNB falls within the ambit of the services sector and is therefore subject to Schedule 7B, not Schedule 7A. The LHDN argued that TNB, as a utility provider, does not qualify as a manufacturer and is thus not entitled to the RA granted to entities engaged in manufacturing activities. On July 21, 2020, TNB filed a judicial review application seeking, among others, to quash the LHDN's decision dated July 13, 2020, which had disallowed its RA claim amounting to RM1,812,506,384.64. The company also sought a declaration that it was entitled to claim the RA under Schedule 7A of the ITA. TNB had included its RA claim for the year of assessment 2018 in its tax return. However, the LHDN informed the company that the claim had been disallowed in a letter dated July 3, 2020. Subsequently, on July 13, 2020, the LHDN issued a notice of additional assessment against TNB for RM1,812,506,384.64 in tax. TNB then initiated judicial review proceedings to challenge the assessment. In February 2022, the High Court allowed the application and set aside the LHDN's additional assessment for the year 2018. The Court of Appeal, in a decision delivered in May 2023, affirmed the High Court's ruling. Despite the dispute, TNB has already paid the assessed sum. At Wednesday's hearing, the LHDN was represented by Datuk Dr Cyrus Das and senior revenue counsel Ashrina Ramzan Ali, while counsels Datuk D. P. Naban and S. Saravana Kumar appeared for TNB. - Bernama

Federal Court rules in favour of IRB over RM1.8bil tax appeal against TNB
Federal Court rules in favour of IRB over RM1.8bil tax appeal against TNB

New Straits Times

time02-07-2025

  • Business
  • New Straits Times

Federal Court rules in favour of IRB over RM1.8bil tax appeal against TNB

PUTRAJAYA: The Federal Court today allowed the Inland Revenue Board's (IRB) appeal to reinstate an additional tax assessment of RM1.8 billion against Tenaga Nasional Berhad (TNB) for the 2018 assessment year. A five-member panel chaired by Court of Appeal President Tan Sri Abang Iskandar Abang Hashim unanimously overturned the earlier decisions of both the High Court and the Court of Appeal, which had ruled in favour of TNB and quashed the IRB's tax assessment. The other members of the panel were Federal Court judges Tan Sri Nallini Pathmanathan, Datuk Zabariah Mohd Yusof, Datuk Rhodzariah Bujang and Datuk Abu Bakar Jais. No order as to costs was made, with the court noting that the matter involved issues of public interest. Delivering the court's judgment, Justice Rhodzariah held that TNB's claim for reinvestment allowance (RA) under Schedule 7A of the Income Tax Act 1967 (ITA) was misconceived and not in accordance with the provisions of the Act. She added that TNB ought to have applied for an investment allowance under Schedule 7B of the ITA, rather than seeking RA under Schedule 7A. She explained that the legislative intent behind Schedule 7A was to incentivise manufacturing companies to reinvest in their existing operations in Malaysia. In contrast, Schedule 7B provides for investment allowance incentives specifically tailored to companies in the services sector, as approved by the Minister of Finance. Justice Rhodzariah further noted that TNB is authorised to impose a service charge under the Service Tax Act 2018, which reinforces its status as a service provider. As such, the court found that TNB falls within the ambit of the services sector and is therefore subject to Schedule 7B, not Schedule 7A. The IRB argued that TNB, as a utility provider, does not qualify as a manufacturer and is thus not entitled to the RA granted to entities engaged in manufacturing activities. On July 21, 2020, TNB filed a judicial review application seeking, among others, to quash the IRB's decision dated July 13, 2020, which had disallowed its RA claim amounting to RM1,812,506,384.64. The company also sought a declaration that it was entitled to claim the RA under Schedule 7A of the ITA. TNB had included its RA claim for the year of assessment 2018 in its tax return. However, the IRB informed the company that the claim had been disallowed in a letter dated July 3, 2020. Subsequently, on July 13, 2020, the IRB issued a notice of additional assessment against TNB for RM1,812,506,384.64 in tax. TNB then initiated judicial review proceedings to challenge the assessment. In February 2022, the High Court allowed the application and set aside the IRB's additional assessment for the year 2018. The Court of Appeal, in a decision delivered in May 2023, affirmed the High Court's ruling. Despite the dispute, TNB has already paid the assessed sum. At today's hearing, the IRB was represented by Datuk Dr Cyrus Das and senior revenue counsel Ashrina Ramzan Ali, while counsels Datuk D. P. Naban and S. Saravana Kumar appeared for TNB. — BERNAMA

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store