INCOME TAX ASSESSMENT
COMPANY'S APPEAL FAILS POSTPONED INTEREST PAYMENT [BT TELEGRAPH —PRESS ASSOCIATION'] "WELLIJfGTOX, Monday Income tax assessed on interest paid by a company on overseas commitments, postponed in anticipation of a fall in the exchange rate, was the subject of an action heard by Mr. Justice MacGregor in the Supreme Court today. The case was one in which Bryant and May, Bell and Company, Limited, match manufacturers, Wellington, appealed to the Court against an assessment by the Commissioner of Taxes on a sum "of £1173 16s lOd interest on money paid by the company to its parent company in England. His Honor held that the commissioner's assessment was tho correct one and dismissed the appeal, with £ls los costs and disbursements.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21546, 18 July 1933, Page 8
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122INCOME TAX ASSESSMENT New Zealand Herald, Volume LXX, Issue 21546, 18 July 1933, Page 8
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