Californian Oil Products Ltd v Federal Commissioner of Taxation
(1934) 52 CLR 28(1934) 8 ALJ 195
[1934] ALR 339
(1934) 3 ATD 10
Judges:
Gavan Duffy CJ
Starke J
Dixon J
Evatt J
McTiernan J
Subject References:
Taxation and revenue
Income tax
Agreement for company to carry on agency
Cancellation of agreement
Company wound up
Money paid in consideration of cancellation
Income or capital
Proceeds of profit-making scheme
Licence
Legislative References:
Income Tax Assessment Act 1922 (Cth) No 37 - Section 4; Section 16; Section 93A
Judgment date: 24 August 1934
SYDNEY
ORDER
Questions in the special case answered as follows:
- (1)
- Yes.
- (2)
- No.
- (3)
- Yes.
Costs in the appeal.
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