2024 Joffe & co pty ltd v cir

Joffe & co pty ltd v cir

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August undefined, 2024

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 … 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 …

ACT : INCOME TAX ACT NO. 58 OF 1962 SECTION : SECTION 11(a …

WebJoffe & 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 … WebJoffe & 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 , ottawa county fair oak harbor ohio

List of South African Tax Cases (A to Z) - SA Tax Guide

http://www.saflii.org/za/cases/ZASCA/1990/157.html 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, … http://www.saflii.org/za/cases/ZASCA/1993/89.pdf rock steady boxing st louis mo

INCOME TAX: GROSS INCOME – CAPITAL VERSUS REVENUE, …

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WebSee 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 ... 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. ottawa county fsa officeWeb1.3 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. rock steady boxing springfield mo

"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

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. 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 …

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http://www.saflii.org/za/cases/ZASCA/1990/157.html WebIn Berea Park Avenue Properties (Pty) Ltd v CIR (1995 2 SA 11, 57 SATC 167) it is clear that the Appellate Division (as it then was) considered a profit-making scheme and trading stock in one ... John Bell & Co (Pty) Limited v SIR 1976 4 SA 415 (A), 38 SATC 87 – profit-making scheme using land as

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. … 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.

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 … 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 - …

WebSee 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 …

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 … ottawa county foster care rock steady boxing temeculaWebIn 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 … rock steady boxing therapyWebJoffe & 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 … rock steady boxing texasWebConsolidated 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 … rock steady boxing troy ilWebCIR 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. ottawa county genealogical societyWeb1 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, … ottawa county great start collaborative