Brewers’ Income.
ASSESSABLE FOR TAX.
WARD AND ©O.’S APPEAL. NOT UPHELD BY COURT. (Per Presa Association.] Wellington, July 25. The Court of Appeal gave judgment this morning in the case of the appeal by Messrs. Ward and Co., Ltd., brewers. Christchurch, against the decision of the Commissioner of Taxes, whereby he decided that the sum of £2123 3/11 spent by the company m connection with the Prohibition campaign was assessable for income tax. The case was heard on July 5. The judgment of the court was delivered by Mr. Justice Stringer. In the course of his judgment his Honour said that from a business point of voiew the expenditure might be prudent and proper. It was. however, he said, quite clear that the Land and Income Tax Act prohibited many deductions from profits which were proper and prudent from a business point of view. The question, however, for the court, he stated, “was expenditure exclusively incurred in productiof assessable income?” The answer to that question must Lp in the negative. The decision of tho Commissioner Taxes was therefore uphold. Costs on the middle scale were allowed te the Commissioner of Taxes.
Conditional leave to appeal te the Privy Council was granted.
Permanent link to this item
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Bibliographic details
Hawke's Bay Tribune, Volume XI, Issue 182, 25 July 1921, Page 5
Word Count
201Brewers’ Income. Hawke's Bay Tribune, Volume XI, Issue 182, 25 July 1921, Page 5
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