Hayes v Federal Commissioner of Taxation96 CLR 47
1956 - 0523B - HCA
And: Federal Commissioner of Taxation
Taxation and revenue
Gift of shares to former employee
Question of law
Judgment date: 23 May 1956
Appeal allowed with costs.
Order that assessment be reduced by excluding from appellant's assessable income of the year ended 30th June 1951 the sum of PD3,000 representing the value of shares in Richardson's Meat Industries Ltd received by appellant in that year.