American Thread Co v Federal Commissioner of Taxation

73 CLR 643

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(Judgment by: MCTEIRNAN J)

American Thread Co.
v Federal Commissioner of Taxation

Court:

Judges: Latham CJ
Starke J
Dixon J

McTiernan J

Subject References:
Taxation and revenue
Income Tax
Assessment
Assessable Income
Deduction
Losses of previous years

Legislative References:
Income Tax Assessment Act 1936 - ss 38-43,; 80

Hearing date: 29 October 1946; 30 October 1946; 20 December 1946;
Judgment date: 20 December 1946

Melbourne

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Judgment by:
MCTEIRNAN J

I have had the advantage of reading the judgments and reasons of his Honour the Chief Justice and my brother Dixon and concur in them and have nothing to add.

Coppel K.C. (with him Eggleston), for the appellant.

Tait K.C. (with him Winneke), for the respondent.

Solicitors for the appellant, Malleson, Stewart & Co

Solicitor for the respondent, G.A. Watson, Acting Crown Solicitor for the Commonwealth.