APPEAL COURT.
(pew Press Association.) Wellington, yesterday. The Appeal Court was occupied to day with the hearing of the appeal, Commissioner of Taxos v. Miramar Lind Co. Judges Stout and Cooper had held that the Commissioner had no olaim against the Company for iocome tax in respeot to profits gaiood on a single transaction ; that the words in sab-section 3, section J 59, “ locome derived from business," oaniU not apply to one traneaotion. Tho poei* tion is that the Company bought 535 sores of Miramar for £26,250 in May, 1902, and six mouths later sold the whole property for £78,225. Upon the difference of these amounts the 1 Commissioner claims income tax.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19060424.2.27
Bibliographic details
Gisborne Times, Volume XXII, Issue 1731, 24 April 1906, Page 3
Word Count
112APPEAL COURT. Gisborne Times, Volume XXII, Issue 1731, 24 April 1906, Page 3
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in