Joffe & co pty ltd v cir

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August undefined, 2024

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 … 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), …

Joffe co pty ltd v cir 1946 ad 157 says that a - Course Hero

WebCIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 . Accrued to. The taxpayer, a retailer, sold goods to its customers on a 6 month instalment credit basis. The court was called upon to decide whether amounts which would become receivable after the end of the year of assessment had in fact accrued to the taxpayer. http://www.saflii.org/za/cases/ZASCA/1990/157.html requirement to fly from singapore to malaysia

IN THE TAX COURT OF SOUTH AFRICA (GAUTENG SOUTH DIVISION)

WebBelow is arrangement of the above tax cases by category: Receipts and Accruals Tax Court Cases. Case Law. CSARS v Cape Consumers (Pty) Ltd (1999 (4) SA 1213) (61 SATC 91) CIR v Datakor Engineering (Pty) Ltd [1998] (60 SATC 503) Lategan v CIR (1926), CPD 203, 2 SATC 16. Ochberg v CIR (1931) AD 215, 5 SATC 93. WebIn the case of Joffe v CIR7(referred to as the Joffecase), the court held that the payment of damages was not deductible. In brief, the facts of the case were as follows: the taxpayer, … 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 - … props for a mavic pro

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WebJoffe & 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 Web1 jan. 2015 · It has been said that the meaning ascribed to the phrase by Watermeyer AJP (as he was then) in his judgment in the Port Elizabeth Electric Tramway Company Ltd v CIR is "too mechanical and contrived". Consequently, the judiciary, in applying the meaning as attributed to it by Watermeyer AJP in subsequent cases, has sometimes led to … requirement to be in the missouri houseWebJoffe & Co (Pty) Ltd v CIR . Watermeyer CJ explained the distinction between the words “loss” and “expenditure” as follows: 3 “In relation to trading operations the word [loss] is sometimes used to signify a deprivation suffered by the loser, usually an involuntary deprivationwhereas , requirement to hold a pos business in nigeria

"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 ... " - Joffe & co pty ltd v cir

Joffe & co pty ltd v cir

Case law - Case Law summary Definition of Gross Income – …

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 … 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 …

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Web1.4 Joffe & Co. Refer to1. 1.4 C:SARS vs BP South Africa. Commissioner for SARS v BP South Africa (Pty) Ltd 68 SATC 229. Tax principle. When a loan is acquired with the … Webproduced income or was directly linked to income. In Joffe & Co Ltd v Commissioner for Inland Revenue, 1946 AD 157, Watermeyer J held (at 163) that – “All expenditure, …

WebG.K. Goldswain & O. Swart 72 However, it is submitted that sanity has ﬁ nally prevailed. The Supreme Court of Appeal in the comparatively recently decided cases of C:SARS v … 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 …

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 … WebFind company research, competitor information, contact details & financial data for JOFFE PTY. LTD. of TOORAK, VICTORIA. Get the latest business insights from Dun & …

WebJoffe & Co Ltd v CIR Court didn’t allow damages, or legal costs, to be deducted as negligent construction damages were not a necessary concomitant of trading operation …

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, 1991 (2) SA 257, 53 SATC 1. props for baby christmas picturesWebSee 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 … requirement to file form 114Web31 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. requirement to fly a dronehttp://www.saflii.org/za/cases/ZASCA/1990/157.html requirement to have health insuranceWebSee 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 ... requirement to file glossy annual reportWebIn 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 … props for baby photographyhttp://www.saflii.org/za/cases/ZATC/2010/1.pdf props for babies photo shoots