Monday 22 December 2008
Caltex Australia Petroleum v FCT
TAXATION – duties of excise – refining of crude oil – initial separation of valuable products – residual oils left after separation – some residual oils exported – some burned to heat refinery – whether residuals "manufactured" or "produced" – whether refined or semi-refined liquid petroleum products – whether delivered for home consumption – whether refiner failed to keep residuals safely or failed to account for them – validity of Commissioner’s demand that refiner pay amount equal to the excise duty that would have been...Click here
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Monday 22 December 2008
McIntosh v FCT
TAXATION – extent of the Commissioner’s power under s 388-55(1) of Schedule 1 to the Taxation Administration Act 1953 to defer the time within which approved forms are required to be given to the Commissioner – application, if any, of the Commissioner’s power under s 388-55(1) to an application for an extension, nunc pro tunc, of the period described in s 703-50(3) of the Income Tax Assessment Act 1997 within which a head company may give an approved form to the Commissioner specifying a day on and after which a consolidatable group is taken to be consolidated Click here
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Monday 22 December 2008
FCT v Sydney Refractice Surgery Centre
TAXATION – taxpayer corporation receives award of damages for injury to business reputation by defamatory publications – damages calculated by reference to taxpayer’s loss of profits attributable to the defamatory publications – whether damages received by the taxpayer constitute ‘income according to ordinary concepts’ for the purposes of s 6-5 of the Income Tax Assessment Act 1997 (Cth) Click here
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Friday 19 December 2008
Season's Greetings & Happy New Year
The Tax Bar Association wi |