Premier Automatic Ticket Issuers Ltd v Federal Commissioner of Taxation

50 CLR 268

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Premier Automatic Ticket Issuers Ltd v Federal Commissioner of Taxation

Court:

Judges: Rich J
Starke J
Dixon J
Evatt J
McTiernan J

Subject References:
Taxation and revenue
Income tax
Patent rights
Licensee empowered to sell patent rights
Share of proceeds to taxpayer
Income or capital
Profit-making scheme

Legislative References:
Income Tax Assessment Act 1922 (Cth) - Section 4; Subsection 13(1); Section 16C
Income Tax Assessment Act 1930 (Cth) - Paragraph 2(c); Subsection 26(1)

Hearing date: 16 August 1933; 17 August 1933;
Judgment date: 7 November 1933

SYDNEY

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ORDERS

Questions answered as follows:1: No. 2: Yes. 3: No. 4: Unnecessary to answer. Costs, costs in the appeal.