Courts

Edwin Dande, CEO Cytonn Investments The High Court has stopped the Capital Markets Authority (CMA) from launching an alleged ‘criminal...

Tribunals are bodies established by Acts of Parliament to exercise judicial or quasi-judicial functions. Tribunals, like the courts, have to...

UASU elections have been postponed by two weeks. This comes after the University of Nairobi recently held their elections. Lecturers...

Senate Speaker Kenneth Lusaka has landed in trouble for impregnating a woman. The woman Irene Naswa Mutaki sued Lusaka demanding...

Front row: Karim Asad Ahmad Khan (left) and Outgoing ICC Chief Prosecutor Fatou Bensouda Karim Khan is set to take...

Kenya’s Attorney-General Justice Kihara Kariuki and the EAC Secretary-General Peter Mathuki have been named as first and second respondents respectively...

The High Court has upheld the Kenya Revenue Authority’s decision to reject VAT refund claims by three pharmaceutical companies amounting to KShs.180 million. The pharmaceutical companies; Universal Corporation Limited, Elys Chemical Limited and Dawa Limited filed a Petition in the High Court...

The Tax Appeals Tribunal has ruled that National Bank of Kenya Limited is liable to pay taxes amounting to Kshs. 510,951,944.00. The taxes arise out of disallowed credits wrongfully claimed by the bank under the Income Tax Act.  The Tribunal further held that the credits claimed by the bank under the Income Tax Act were clearly incorrect as the claim was not what is envisaged by the law. The Tribunal, in its judgment delivered on 13th May 2021, ruled that National Bank of Kenya Limited was not justified in utilizing alleged tax overpayment to settle off its tax liabilities as the relevant law only authorises the Authority to apply a tax over payment in payment of taxes owed by a taxpayer. Income tax law does not provide a taxpayer with the same leeway, where after self – assessment; a taxpayer would utilize and directly apply the tax overpayment to set off taxes due, prior to the verification and ascertainment of the overpayment by the Authority. Tax Tribunal held that the bank ought to have applied for a refund under the Tax Procedures Act, which provides for a procedure for making claims of refund of overpaid taxes.

The Tax Appeals Tribunal (the Tribunal) has dismissed an Appeal filed by Jhulay LAL Commodities Ltd on grounds that the firm had failed to prove that Kenya Revenue Authority’s (KRA) assessment was excessive. Jhulay LAL’s principal activity is the wholesale and retail sale of rice sourced from Pakistan. Jhulay LAL Commodities Ltd appealed the decision of KRA contesting that the entire tax of Kshs. 1,456,433,604.00 demanded. The main grounds of the appeal was that the Commissioner determined the taxable income on the basis of its gross bankings against the basic accounting principles and tax law. KRA successfully argued that it made the assessment after an investigation revealed several irregularities including unexplained bank deposits and that the sales of the rice exceeded the amounts imported. The Tribunal reviewed the evidence as presented by both parties and held that KRA exercised its powers judiciously to make the decision based on the material before it. The Tribunal held that the Jhulay LAL Commodities Ltd failed to prove that the assessment was excessive and dismissed the appeal.

President Uhuru Kenyatta has appointed Lady Justice Martha Koome as the next Chief Justice of Kenya. This has been made...