Tenaga Nasional Bhd’s (TNB) unit, Southern Power Generation Sdn Bhd (SPG), has won its judicial review against the Inland Revenue Board (IRB) to set aside RM78.49 million in additional tax assessments for the years 2017 to 2021.

TNB said in a Bursa Malaysia filing today that the High Court agreed with SPG’s legal counsel that the IRB had no legal basis to issue the notices.

This referred to the...