The Squatting Investment Co Ltd v Federal Commissioner of Taxation

86 CLR 570
1953 - 0413A - HCA
[1953] ALR 366

Between: The Squatting Investment Co Ltd
And: Federal Commissioner of Taxation

Court:
High Court of Australia

Judges: McTiernan J and Williams J
Webb J
Fullagar J
Kitto J

Subject References:
Taxation and revenue
Income tax
Assessable income
Acquisition of wool supplied by grower in course of business

Legislative References:
Income Tax Assessment Act 1936 No 27 - s 6; s 25; s 26(g)
Wool Realization (Distribution of Profits) Act 1948 No 87 - s 7; s 28; s 29
Wool Realization Act 1945 No 49 - s 9; s 10
National Security (Wool) Regulations 1939 SR No 108 - r 30

Hearing date: MELBOURNE 21 October 1952; 22 October 1952; 23 October 1952; 24 October 1952
Judgment date: 13 April 1953

SYDNEY

ORDER

Questions in case stated answered as follows

(i)
No.
(ii)
Does not arise.

Costs of case stated reserved for the judge disposing of the appeal.

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