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KRA Rejects Part Of Ksh4.4 Billion Paid To Westgate House Owners –

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The Kenya Revenue Authority (KRA) will not receive a Ksh4.4 billion piece paid to Westgate Mall over the 2013 terrorist attack, the court has ruled.

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The KRA was claiming Ksh380.3 million from Sony Holdings Ltd, which was denied by the Tax Appeal Court.

The taxpayer, saddened by the decision of the Tax Appeal Court, appealed to the Supreme Court seeking an annulment.

However, Judge David Majanja dismissed the appeal saying the KRA had failed to show any error in the Court’s decision.

“According to the law and the evidence, the Commissioner failed to show any error, truthful or otherwise, in the decision of the Court which will ensure the intervention of this court. On the other hand, Sony Holdings was able to show before this court that the Court reached the right decision based on facts and the law, ”Judge Majanja ruled.

Read: Two Westgate Terrorist Attacks Sentenced To 33 And 18 Years In Prison

According to the KRA, Ksh600 million of the compensation was the payment of income for the payment of 30 per cent of the corporate tax.

Sony Holdings Ltd, which owns the store, received Ksh3.1 billion as compensation for damages from the Kenya Insurance Company and an additional Ksh1.2 billion in compensation for tax losses.

However, Sony Holdings maintained that they incurred a loss of more than Ksh1 billion after rebuilding the shop at Ksh4.04 billion against compensation of Ksh3.1 billion.

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