The Income Tax Board of Review upheld the findings of the Comptroller of Income Tax that the taxpayer (an individual) had unduly derived a tax benefit from forming a corporation of a dental practice and invoked the anti-avoidance provisions.
The income of the company was, thus, taxable to the taxpayer in an individual capacity.
The case is: GCL v. Comptroller of Income Tax  SGITBR 1.
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