THE INCOME TAX.
HEAVY FINES. Per Press Association. Invercargill, Last Xight. 1 At the Magistrate's Court on Satur- j day Johnson & Sons, foundrymen, were r . charged under the Act of 1900 with at- i tempting to evade the full assessment 1 of income tax. It appeared that the 1 company had contracted a bad debt to i the amount of £I2OO, but in view of f the possibility of its being paid at some < remote period the secretary of the com- c pan}', in furnishing his returns to the Department, instead of writing the amount oh", had deducted a proportion of this from the statement showing the net profits over a period of three years. A plea of guilty was entered, and the company was fined £SO on the first case and £2O on each of the others, with six guineas costs.
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Bibliographic details
Taranaki Daily News, Volume LV, Issue 288, 28 April 1913, Page 5
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142THE INCOME TAX. Taranaki Daily News, Volume LV, Issue 288, 28 April 1913, Page 5
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