Joffe & co pty ltd v cir 1946 ad

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August undefined, 2024

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 … WebCIR v Cactus Investments (Pty) Ltd 1996 (TPD), 60 SATC 141. 52 CIR v Cactus Investments (Pty) Ltd60 SATC 141. 52 CIR v Delfos 1933 AD 242, 6 SATC 92 66 CIR v George Forest Timber Co Ltd 1924 AD 516, 1 SATC 20 21 CIR v Peoples Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A), 52 SATC 9 66 ... New StateAreas LtdvCIR 1946 AD …

THE DEDUCTIBILITY OF DAMAGES AND ASSOCIATED LEGAL …

http://www.saflii.org/za/cases/ZASCA/1993/89.pdf http://www.saflii.org/za/cases/ZATC/2010/1.pdf optical line system

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

WebPort Elizabeth Electric Tramway Co Ltdv CIR 1936 CPD 241.. 18, 29 CIR v Delfos 1933 AD 242 18 FormscaffInvestments (Pty) Ltdv CIR 1993 (4) SA 76 (T) 19 CIR v Wandrag Asbestos (Pty) Ltd 1995 (2) SA 197 ... Jojj'e & Co (Pty) Ltdv CIR 1946 AD 157 29 Sub-NigelLtd v CIR 1948 (4) SA 580 (A) 29. 10 Chapter 1 INTRODUCTION OBJECTIVES … WebThe necessity of such expense is not relevant, nor is whether the taxpayer conducts his business extravagantly (refer to Port Elizabeth Electric Tramway Co Ltd and Joffe & Co (Pty) Ltd v CIR 1946 AD 157, 13 SATC 354). (4) Incorrect. Provision for future expenditure or loss is not an expense or a loss, nor is it an expense “actually incurred”. WebConsolidated Modderfontein Mines Ltd against payment by plaintiff to defendant of the sum of R88 250." (The judgment, which was written by Corbett JA, was reported s.v Nash v Golden Dumps (Pty) Ltd 1985(3) SA 1(A). In the Special Court the parties accepted as correct the findings of fact contained in the judgment.) portland 13 string trimmer manual 62567

COMMISSIONER FOR INLAND REVENUE v LEVER BROTHERS AND UNILEVER LTD

Web22 okt. 2024 · InJoffe and Co (Pty) Ltd v CIR1946 AD 157 the taxpayer, a constructioncompany, incurred liability for damages and legal costs as a result of the deathof a plumber. The taxpayer argued that of the damages were not deductible as(2013) 130 THE SOUTH AFRICAN LAW JOURNAL320 expenditure; they were deductible as a loss. Webprofit-making test is the sole test. In Berea Park Avenue Properties (Pty) Ltd v CIR (1995 2 SA 11, 57 SATC 167) it is clear that ... using land as stock-in-trade; John Bell & Co (Pty) Limited v SIR 1976 4 SA 415 (A ... (fixed property); Berea Park Avenue Properties (Pty) Limited v CIR 1995 2 SA 411 (AD), 57 SATC 167 – profit-making scheme ... portland 1.5 hp electric pole saw optical limiting applications in mos2

"Web1.3 Joffe & Co. Joffe & Co (Pty) Ltd v CIR 1946 AD 157, 13 SATC 354. Tax Principle. Do not automatically assume that any compensation paid where negligence is involved, will … " - Joffe & co pty ltd v cir 1946 ad

Joffe & co pty ltd v cir 1946 ad

THE DEDUCTIBILITY OF DAMAGES AND ASSOCIATED LEGAL …

http://www.saflii.org/za/cases/ZATC/2024/3.pdf WebJoffe & 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 …

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Web10 apr. 2024 · Whether the taxpayer conducts his business extravagantly is also irrele-vant (Port Elizabeth Electric Tramway Co Ltd v CIR 1936 CPD 241, 8 SATC 13 and Joffe & Co (Pty) Ltd v CIR 1946 AD 157, 13 SATC 354). (4) Incorrect. WebCIR v South Behar Railway Co Ltd, 12 TC 657. CIR v Indosuez W.I Carr Securities Ltd (Carr), Inland Rev Appeal, no 5 of2001. CIT, Bombay Presidency & Aden v Chunlilal B Mehta of Bombay, 1938, 6 ITR 521. Cohen v CIR, 1946 AD 174; 13 SATC 362. Cooper v Cadwalader, 1904, 5 TC 101 . COT v Tuck, 1988, 3 SA 819 (A). COT v William Dunn & …

WebCompany Ltd v CIR.7 4Although the Port Elizabeth Electric Tramway’s case never went on appeal to the then Appellate Division, the general meaning ascribed to the phrase “in the production of the income” in that case by Watermeyer AJP is still referred to today by certain academics as correctly stating its meaning.8 Contrary to this view ... WebPE Electric Tramway Co Ltd v CIR states that compensation paid to the family of a dependent will amount to an expense that is incurred in the production of income + Expenses must be incurred to produce an income (expenses incurred to produce exempt income are not deductible) + expenditure attached to the performance of a business …

Web1.3 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. … WebIn 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 …

Web3 nov. 2015 · Particular risks are inherent in certain trades In Joffe & Co v CIR 1946 AD 157, the taxpayer company carried on business as engineers in reinforced concrete. A …

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 ... optical link study group final reportWebSouthern African Legal Information Institute optical line terminationWebper Corbett AJA in Stone v Secretary for Inland Revenue 1974 (3) SA 584. (A) at 592H. As it was put in New State Areas Ltd v Commissioner for Inland Revenue 1946 AD 610 at … portland 14 in electric chain sawWebJoffe & 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 … optical link cableWebJoffe & 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 deducted from the … optical liquid level sensor how it worksWebCompany Ltd v CIR.7 4Although the Port Elizabeth Electric Tramway’s case never went on appeal to the then Appellate Division, the general meaning ascribed to the phrase “in the … portland 15Web1 Sub-Nigel Limited v CIR 1948 (4) SA 580 (A). 2 CIR v George Forest Timber Co Ltd 1924 AD 516 at 523. 3 New State Areas Ltd v CIR 1946 AD 610 at 627; SIR v Cadac Engineering Works (Pty) Limited 1965 (2) SA 511 (A) at 529A-B. 4 SIR v Eaton Hall (Pty) Ltd 1974 (4) SA 953 (A) at 958 B-D; Stellenbosch Farmers’ Winery Limited v … optical link design