HIGH COURT DECISION
IMPORTANT TO NEWSPAPERS
LIBEL ■: COSTS AND INCOME TAX
v • SYDNEY, 21st November. '" The High Court to-day delivered an important decision to newspapers when it held that the f Melbourne Herald and Weekly Times" was entitled to deduct from its Federal income-tax sums paid as compensation to persons claiming damages for libel, together with costs, which the Commissioner of Taxes had disallowed. The Court held that the thing which produced assessable income was the thing which exposed the newspaper to the liability discharged by the expenditure. The Taxation ' "Commissioner had maintained that the amount described as damages had not been exclusively expended in the production of the assessable income.
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https://paperspast.natlib.govt.nz/newspapers/EP19321122.2.55
Bibliographic details
Evening Post, Volume CXIV, Issue 124, 22 November 1932, Page 7
Word Count
111HIGH COURT DECISION Evening Post, Volume CXIV, Issue 124, 22 November 1932, Page 7
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