TAX AND ASSESSABLE INCOME
TIMARU HERALD WINS APPEAL CASE (United Press Association) WELLINGTON, October 22. Delivering judgment in the case of The Timaru Herald Co. Ltd. v. the Commissioner of Taxes, the Appeal Court was unanimous that the case fell within the first part of sub-section 2 of section 80 of the Land and Income Tax Act 1923 and that the expenditure in question was exclusively incurred in the production of the assessable income of the appellant company. Moreover, the contract being one made in good faith, section 170 did not apply. The appeal was accordingly allowed, with costs on the highest scale, and with costs in the Court below. On the application of counsel for the Commissioner of Taxes, conditional leave was given for the Commissioner to anneal to the Privy Council.
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https://paperspast.natlib.govt.nz/newspapers/ST19381024.2.50
Bibliographic details
Southland Times, Issue 23647, 24 October 1938, Page 6
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133TAX AND ASSESSABLE INCOME Southland Times, Issue 23647, 24 October 1938, Page 6
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