Taxation Determination

TD 93/91W

Income tax: for a balance day adjustment to be deductible under subsection 51(1) of the Income Tax Assessment Act 1936, is it sufficient for it to be a contingent liability?

FOI status:

may be releasedFOI number: I 1214960

Notice of Withdrawal

Taxation Determination TD 93/91 has been withdrawn.

The Determination was replaced by Taxation Determination TD 93/188 with effect from the date on which that Determination was issued, 30 September 1993.

Commissioner of Taxation
9 December 1993

Previously issued as Draft TD 92/D158

References

ATO references:
NO PNR T95 Pt 6

ISSN 1038 - 8982

Related Rulings/Determinations:

TD 93/188
IT 2625

Subject References:
deductions;
balance day adjustments;
contingent liabilities;
accrued expenses.

Legislative References:
ITAA 51(1)

Case References:
FC of T v James Flood Pty Ltd
(1953) 88 CLR 492
27 ALJ 481
10 ATD 240
(1953) ALR 903


Commonwealth Aluminium Corp. Ltd v FC of T
(1977) 32 FLR 210
7 ATR 376
77ATC 4151

Nilsen Development Laboratories Pty Limited v FC of T
(1981) 144 CLR 616
81 ATC 4031
11 ATR 505
55 ALJR 97

FC of T v Lau
84 ATC 4929
(1984) 16 ATR 55

Ogilvy and Mather Pty Ltd v FC of T
90 ATC 4836
95 ALR 663
21ATR 841

New Zealand Flax Investments Ltd v FC of T
(1938) 61 CLR 179
12 ALJ 313

Emu Bay Railway Co. Ltd v FC of T
(1944) 71 CLR 596

TD 93/91W history
  Date: Version: Change:
  20 May 1993 Original ruling  
You are here 9 December 1993 Withdrawn  

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).