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Joffe & co pty ltd v cir

WebSee Page 1. expense was an “inevitable concomitant” of the type of business (see Joffe & Co (Pty) Ltd v CIR 1946 AD 157, 13 STAC 354). Although the expense was paid in the following year of assessment, the company’s liability had been fixed by the court and was an unconditional liability in January 2009 and, therefore, deductible in the ... WebTimber Co Ltd 1924 AD 516; New Estate Areas Ltd v CIR 1946 AD 610; Palabora Mining Co Ltd v SIR 1973 (3) SA 819 (A)). Other cases distinguish losses from expenditure in the interpretation of the phrase ‘expenditure or losses’. As a point of departure in defining expenditure, it is important that one understands what constitutes ...

The Port Elizabeth Electric Tramway case:1 Is the ... - ResearchGate

WebUnformatted text preview: Principles from case law Principles from the following tax cases were covered in Tax I Relevant to Definition of gross income Definition of gross income Definition of gross income Definition of gross income Words or phrase Considered Resident Amount 'from a source within ... the Republic' accrued to Name of the court … Web26 aug. 2015 · The Supreme Court of Appeal in the comparatively recently decided cases of C:SARS v Mobile Telephone Networks Holdings (Pty) Ltd and Warner Lambert SA (Pty) Ltd v C:SARS, have considerably widened the ambit of expenses that may now be claimed in terms of section 11 ( a) of the Income Tax Act. actress in annovera commercial https://bryanzerr.com

Joffe co pty ltd v cir 1946 13 satc 354 a at 360 - Course Hero

WebFOUNDERS HILL (PTY) LTD Respondent. Neutral citation: CSARS v Founders Hill (509/10) [2011] ZASCA 66 (10 May 2011) Coram: HARMS DP, NUGENT, LEWIS and MALAN JJA and PLASKET AJA . Heard: 17 MARCH 2011. Delivered: 10 May 2011 . Summary: Proceeds of sale of land sold by realization company taxable as WebJOFFE AND COMPANY (PTY) LIMITED v CIR In this case the court referred to the expenditure or the act leading to the expenditure as being a necessary concomitant of … Web9"John Bell & Co (Pty) Ltd v SIR 1976 (4) SA 415 (A), 38 SATC 87. 10 CIR v Richmond Estates (Pty) Ltd 1956 (1) SA 602 (A), 20 SATC 390. 8" " In addition in Natal Estates Ltd v SIR11 the taxpayer held a large piece of land purchased with … actress georgia ellis

The Port Elizabeth Electric Tramway Case: Is the Meaning …

Category:Joffe co pty ltd v cir 1946 13 satc 354 a at 360 - Course Hero

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Joffe & co pty ltd v cir

Cliffe Dekker Hofmeyr - No tax deduction for damages paid for ...

Web17 mrt. 2024 · It also referred to the judgment in CIR v Genn & Company (Pty) Ltd 1955 (3) SA 293 (A), where it was held that one must look at the purpose of the expenditure and to what it actually effects to determine whether the expense was incurred in … Web31 mrt. 2014 · In Joffe & Co Ltd v Commissioner for Inland Revenue 1946 AD 157 at 163, Watermeyer CJ held that: ‘All expenditure, ... (Pty) Ltd [2014] ZASCA 4 handed down on 7 March 2014, involving an appeal by SARS against a judgment of the High Court and a cross-appeal by the taxpayer.

Joffe & co pty ltd v cir

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Web1 mei 2024 · Joffe & Co v CIR 1946 case summary Course Taxation law Institution University Of The Witwatersrand (wits) a brief summary of the joffe & Co v CIR case - … WebJoffe & Co Ltd v Commissioner for Inland Revenue 1946. AD 157 at 166-7), and such consideration may be. important when it comes to applying the proviso in (v), where the …

WebIn the production of income - Port Elizabeth Electric Tramway Co Ltd v CIR - Joffe & Co (Pty) Ltd v CIR - BPSA (Pty) Ltd v CSARS - Provider v COT - CSARS v Mobile … Web21 sep. 2024 · The case of Kangra Group (Pty) Ltd v Commissioner for SARS (Case number A20/18) was recently heard by the full bench of the Western Cape division of the …

WebJohn Bell & Co (Pty) Ltd v SIR 1976 (4) SA 415 (A), 38 SATC 87 ..... CIR v Richmond Estates (Pty) Ltd 1956 A ... George Forest Timber Co Ltd v CIR 1924 AD 516, 1 SATC … http://www.saflii.org/za/cases/ZASCA/1993/89.pdf

Web1 jan. 2015 · Port Elizabeth Electric Tramway Company Ltd v CIR, 1936 CPD 241, 8 SATC 13. Pyott Ltd v CIR, 1945 AD 128, 13 SATC 121. Solarglass Finance Limited v CIR, …

Web[104] Joffe and Co (Pty) Ltd v CIR 1946 AD 157, 13 SATC 354 [105] Sub-Nigel Ltd v CIR 1948 (4) SA 580 (A), 15 SATC 38 [106] CIR v Nemojim (Pty) Ltd 1983 (4) SA 935 (A), … actress in amazon commercialWeb1.3 Joffe & Co. Joffe & Co (Pty) Ltd v CIR 1946 AD 157, 13 SATC 354. 1. Facts of Case The taxpayer company carried on business as engineers in reinforced concrete. A concrete hood for a power station which they were supervising collapsed and a workman, employed by the building contractor, was killed by the falling material. actress gina mantegnaWebSee Page 1. Joffe & Co (Pty) Ltd v CIR1946 AD 157 says that a deduction must pass both the positiveand negative tests. 4.1.2.1.‘Carrying on any trade ’: You need to determine when a taxpayer is a trader. If there are any suspect trades, then in terms of section 20A, they will be ‘ring-fenced’ and the deductions will be specifically ... actress in amazon prime commercialWebJoffe & Co (Pty) Ltd v CIR (1946) 13 SATC 354 (A) at 360 ‘expenditure and losses’ Irrecoverable debt was a loss of loan capital. An amount paid under a suretyship was a loss because the taxpayer risked his capital. Legal costs were expenditure. Stone v CIR 1974 (3) SA 584 (A); 36 SATC 117 actress diane carroll diesWebJoffe & Co Ltd v CIR The Commissioner for SARS v Clicks Court didn’t allow damages, or legal costs, to be deducted as negligent construction damages were not a necessary concomitant of trading operation and expenditure was not incurred for purpose of … actress gina tognoni on instagramhttp://www.saflii.org/za/cases/ZATC/2010/1.pdf actresses in steel magnolia movieWebIn Joffe & Co (Pty) Ltd v CIR [1946]13 SATC 354, the taxpayer company carried on business as engineers in reinforced concrete. A concrete structure erected by the … actress in audi ad