Henty House Pty Ltd (In Voluntary Liquidation) v Federal Commissioner of Taxation

88 CLR 141

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Henty House Pty Ltd (In Voluntary Liquidation)
v Federal Commissioner of Taxation

Court:

Judges: Williams ACJ, Webb J, Kitto J and Taylor J
Fullagar J

Subject References:
Taxation and revenue
Income tax
Assessable income
Disposal of assets
Compulsory acquisition of assets
Compensation
Lump sum payment

Legislative References:
Income Tax Assessment Act 1936 No 27 - s 59

Hearing date: MELBOURNE 5 June 1953; 8 June 1953; 9 June 1953;
Judgment date: 9 September 1953;

SYDNEY

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Questions in case stated answered as follows:

(a) Yes; (b) (i) Yes; (ii) an amount determined by the commissioner; (c) Yes; (d) Yes. Costs of the case stated reserved for the judge disposing of the appeal.