CEI Plastics Limited vs The Commissioner General of Inland Revenue – CA TAX/0010/2017-2022

The case between CEI Plastics Limited and the Commissioner General of Inland Revenue addressed whether determinations by the Tax Appeals Commission (TAC) were invalid due to being delivered outside the statutory time limits, and whether interest expenses related to share trading were deductible against the profits of a core business under applicable Inland Revenue Acts for the years of assessment 2005/2006 and 2006/2007. It was held that the time limits stipulated in Section 10 of the Tax Appeals Commission Act are directory rather than mandatory, and non-compliance does not invalidate a TAC determination. The court further held that interest expenses connected to a separate share trading business could not be deducted from the profits of the primary manufacturing business, in the absence