Cir v people’s stores walvis bay pty ltd
WebCIR v People’s Stores (Walvis Bay) (Pty) Ltd. 5. the court, in applying this principle , held that the right to claim payment of a debt in the future was of such a nature that a value … WebMP Finance Group CC (in liquidation) v C:SARS, 2 and 31 May 2007, 69 SATC 141 & CIR v Delagoa Bay Cigarette Co Ltd, 32 SATC 47 b. CIR v Lategan 1926 CPD 203, 2 SATC 16 …
Cir v people’s stores walvis bay pty ltd
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Web(See Lategan v CIR [1926] (2 SATC 16); CIR v People s Stores (Walvis Bay) (Pty) Ltd [1990] (52 SATC 9).) On the outgoings side, expenditure is deductible as soon as it has been "incurred", in the sense that the taxpayer has come under an unconditional legal obligation, except in the few instances where the Income Tax Act lays down that the ...
Web3.1 cir v peoples stores (walvis bay) (pty) ltd, 1990 (2) sa 353 (a) 24 chapter 4: specific scenarios and reported judgments 4.1 on behalf of someone else 26 ... cir v people’s … WebCIR v People's Stores (Walvis Bay) (Pty) Ltd. An amount 'accrues to' a taxpayer when the taxpayer is 'entitled to payment' and not when the amount becomes 'due and payable' in a later year of assessment. Lategan v CIR. When the taxpayer becomes entitled to the amount, an amount accrues to the taxpayer.
Webaccrued to CIR v People’s Stores (Walvis Bay) (Pty) Ltd CIR v Witwatersrand Association of Racing Clubs CIR v Lategan Mooi v SIR Definition of gross income. received by Geldenhuys v CIR MP Finance Group CC (In Liquidation) v C:SARS Pyott Ltd v CIR ; ABC(Pty) Ltd v CSARS Definition of gross income. of a capital nature – intention WebFeb 12, 2024 · In CIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 2 SA 353 (A) this uncertainty appears to have been cleared where the court reiterated the Lategan …
WebCourt cases: Study unit 2: CIR v Golden Dumps (Pty) Ltd 1993 ($) SA 110 (A) Erf 3183/1 Ladysmith (Pty) Ltd v CSIR 1996 (3) SA 942 (A) Study unit 3: Prescribed: Lategan v CIR 1926 CPD 203, 2 SATC 16 CIR v Delfos 1933 AD 242, 6 SATC 92 CIR v Peopleís Stores (Walvis Bay) (Pty) Ltd 1990 2 SA 535 (A) M v CSARS (14005) [2024] ZATC 1 (30 May …
WebCIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 . Accrued to. The taxpayer, a retailer, sold goods to its customers on a 6 month instalment credit basis. The court was called upon to decide whether amounts which would become receivable after the end of the year of assessment had in fact accrued to the taxpayer. busters laundryWebGet People v. Kurr, 654 N.W.2d 651 (2002), Court of Appeals of Michigan, case facts, key issues, and holdings and reasonings online today. Written and curated by real attorneys … c charger baseWeb242, 6 SATC 92; CIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 2 SA 353 (A); ... (Pty) Ltd 1969 1 SA 365 (A); Isaacs v CIR 1949 4 SA 561 (A)). In Silverglen 389–390 it was considered that if an amount has accrued in an earlier year of assessment but it is received in a later year, irre- busters leatherWebFeb 22, 1990 · PEOPLE'S STORES (WALVIS BAY) (PTY) LIMITED RESPONDENT. CORAM : CORBETT CJ, JOUBERT, HEFER,NESTADT JJA et NICHOLAS AJA. … PEOPLE'S STORES (WALVIS BAY) (PTY) LIMITED RESPONDENT CORAM : … busters lacombeWebJul 14, 2024 · v CIR 2 SATC 16 and CIR v People’s Stores (Walvis Bay) (Pty) Ltd 52 SATC 9 that an entitlement to payment constitutes something that can “accrue”, even though actual payment is only due in future. We also know that the proviso to the definition of “gross income” in s1 of the Income Tax Act provides that where a person busters landfill new castle inWebCIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 Accrued to The taxpayer, a retailer, sold goods to its customers on a 6 month instalment credit basis. The court was called upon to decide whether amounts which would become receivable after the end of the year of assessment had in fact accrued to the taxpayer. An amount accrues in the tax year in … busters leducWebAppellate Division in Commissioner for Inland Revenue v People’s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A). The judgment in People’s Stores endorsed the so-called … c charger car