APPEAL COURT.
INCOME TAX CASE. By Telegraph—Press Association. Wellington, Monday. The. Appeal Court sat to-day to hear argument in the case the Taupo Totara Timber Company v. the Commissioner of Taxes and 'the Kauri Timber Company v. the same. The cases are being argued together, the question being in what, cases, if at all, and to what extent, is a timber company which owns standing timber entitled in its assessment for income tax to deduct from the gross proceeds of its .business the value of standing timbers so cut by it. The companies contend that they should be allowed to deduct from the gross returns from timber the cost of the standing timber. Sir John Findlay and Mr. J. Stout are appearing for the Taupo Company, Messrs. Cotter and Schrauer for the Kauri Company, and the Solicitor-Gen-eral for the Commissioner of Taxes. The argument is of a technical nature, and the case is likely 1 to last well into to-morrow.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19120402.2.56
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LIV, Issue 235, 2 April 1912, Page 8
Word count
Tapeke kupu
160APPEAL COURT. Taranaki Daily News, Volume LIV, Issue 235, 2 April 1912, Page 8
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in