PRIVY COUNCIL APPEALS.
•KAURI TIMBER COMPANY'S CASE. By Telegraph—Press .ifisociation—Copyrisht London, June. 12. In tie Privy Council appeal case, Kauri Timber Company versus tho Commissioner of Taxes of New Zealand, judgment was reserved. Respondent's counsel was not called on. This was a case for the recovery of income tax. The company objected to taxation on tho value of all the timber cut on their lands, sinco they said that a great part of the money received from tho sale of the timber was capital, and had to be expended in the purchase of other' timber lands, which were taxed under another head. The Court of Appeal upheld tho view of the Commissioner of Taxes.
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Dominion, Volume 6, Issue 1776, 14 June 1913, Page 7
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114PRIVY COUNCIL APPEALS. Dominion, Volume 6, Issue 1776, 14 June 1913, Page 7
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