The High Court in Kuala Lumpur has allowed Tenaga Nasional Berhad’s (TNB) judicial review application to set aside the Inland Revenue Board’s (IRB) RM1.8 billion tax assessment for the year 2018.

Judge Noorin Badaruddin in her ruling agreed that the said amount (RM 1.8 billion) was considered reinvestment allowance (RA)...