Case Q118

Judges:
HP Stevens Ch

BR Pape M
TJ McCarthy M

Court:
No. 1 Board of Review

Judgment date: 22 November 1983.

H.P. Stevens (Chairman)

I have had the advantage of reading the reasons prepared by my colleague Mr. McCarthy and I adopt his findings of fact. I agree with his conclusion in respect of the taxpayer company and have nothing further to add. In relation to the taxpayer shareholder's claims I also agree with his conclusion and merely wish to refer to my reasons in Case M56,
80 ATC 369 for the purpose of indicating that, despite the persuasive arguments of counsel for the Commissioner, I can see no reason to depart therefrom. Accordingly I join with my colleague in the decisions set out in para. 26 of his reasons.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.