Cir v peoples stores

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August undefined, 2024

Web7. The tax principle that once an amount has been beneficially received by or accrued to a taxpayer, the taxpayer is taxed on such amount even though he may have an obligation … WebCIR v Witwatersrand Association of Racing Clubs 1960 (3) SA 291 (A), 23 SATC 380 c. CIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A), 52 SATC 19 d. Geldenhuys v CIR 1947 (3) SA 256 (‘C), 14 SATC 419 8.

THE MEANING OF received by AND accrued to

http://www.saflii.org/za/cases/ZATC/2024/1.pdf WebCIR v Peoples Stores (Walvis Bay) (Pty)Ltd 1990 (2) SA 353 (A), 52 SATC 19. 1. Facts of Case The taxpayer was a retailer of clothing, footwear, household textiles and related … cisco-av-pair termination-action-modifier 1

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WebCIR v BUTCHER BROS (PTY) LTD TOTAL AMOUNT IN CASH OR OTHERWISE Facts: The taxpayer owned the land that was leased to a cinema company for a period of 50 … WebTaxation Case Law summaries (6.3) Expenditure and losses Joffe & Co (Pty) Ltd v CIR Expenditure: Voluntary outgoing/willingly incurred Loss: Involuntary outgoing/unwillingly incurred (6.4) Actually incurred Nasionale Pers Bpk v KBI; Edgars Stores Ltd v CIR; and CIR v Golden Dumps (Pty) Ltd Provisions are uncertain, expected, contingent expenses … WebCIR v People’s Stores (Walvis Bay) (Pty) Ltd (1990 A) The taxpayer was a retailer of clothing, footwear, household textiles and related goods and it sold its goods to its … cisco authorized training partners

THE MEANING OF received by AND accrued to

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WebFeb 22, 1990 · South Africa: Supreme Court of Appeal. 1. HEFER JA: This is an appeal in terms of sec 86 A (2) (b) of the Income Tax Act 58 of 1962, as amended, ("the Act") … PEOPLE'S STORES (WALVIS BAY) (PTY) LIMITED RESPONDENT CORAM : … Webcommissioner for inland revenue v people‟s stores (walvis bay) (pty) ltd 52 SATC 9 (A) - 1989 Importance Classification: Very important as the Appellate Division in this case … diamond quilted heart studded pink pursesWebthe cases of CIR v Ochberg13 and Mooi v SIR,14 are then contrasted with an opposing meaning attributed to it in later case law. The opinions of two Commissions of Inquiry,15 … diamond quilted flight jacket

"WebFeb 12, 2024 · 8 CIR v Del fos 19 33, (A D) 242, 6 SATC 92 at 1 11 and Hersov’s Estate v CIR, 1957 (1) SA 471 (A), ... 1 Shortly after the landmark ruling in People’s Stores, the legislature intervened and . " - Cir v peoples stores

Cir v peoples stores

IN THE TAX COURT OF SOUTH AFRICA (CAPE TOWN)

http://www.saflii.org/za/cases/ZATC/2024/1.pdf WebCourt case reference Component of definition Principle established CIR v Butcher Bros (Pty) Ltd Definition of gross income – "total amount" The word "amount" means an amount having "an ascertainable money value" and the onus is initially on the Commissioner to prove that an amount has accrued to the taxpayer. CIR v People's Stores (Walvis Bay) (Pty) Ltd …

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WebUnformatted text preview: Principles from case law Principles from the following tax cases were covered in Tax I Relevant to Definition of gross income Definition of gross income Definition of gross income Definition of gross income Words or phrase Considered Resident Amount 'from a source within ... the Republic' accrued to Name of the court … 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. An amount accrues in the tax year in …

WebExtra cases CSARS v People Stores - If there is an accrual, how must the outstanding amounts be valued for tax ... must be included in gross income CIR v People Stores as … WebJul 14, 2024 · Judgment was delivered in the tax court on 30 May 2024 in the matter of M v Commissioner for the South African Revenue Service (case number 14005, as yet …

http://www.saflii.org/za/cases/ZATC/2007/1.pdf WebCIR v People Stores (confirmed Lategan) An amount to which a person has become entitled to, even though payment may only be made in …

WebIn People’s Stores it was held that in cases in which the right to a future payment had vested in, and therefore accrued, to the taxpayer, the accrued amount for the purposes …

WebCIR v People Stores as amended by the Income Tax Act. Taxpayer sold clothing on account; Outstanding amounts owing to the taxpayer were … cisco auto connect downloadWebThe case turned on the meaning of the words "accrued to or in favour of such person" in the definition of "gross income" in Section 1 of the Income Tax Act. Our courts have held that the words "accrued to" mean, "to which (any person) has become entitled". (Lategan v CIR 1926 CPD 203; CIR v People s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353A). cisco automated appointment reminder systemWebLeading Tax Cases – Organised By Subject Matter. [7] Savage v CIR 1951 (4) SA 400 (A), 18 SATC 1, 1952 Taxpayer 15. [8] CIR v Lazarus’ Estate 1958 (1) SA 311 (A), 21 SATC … diamond quilted coat burberryWebCohen v CIR 1946 AD 174, 13 SATC 362. CIR v Epstein 1954 (3) SA 689 (A), 19 SATC 221. CIR v Kuttel 1992 (3) SA 242 (A), 54 SATC 298. Lever Bros 14 SATC 1. Rhodesia … diamond quilted insulated bomber hoodieWebCIR v Peoples Stores (supra), it has been accepted that an amount will accrue to a taxpayer at the moment when she became entitled to it. In CIR v Peoples Stores … cisco authorized distributors united statesWebCIR v People Stores as amended by the Income Tax Act. Taxpayer sold clothing on account; Outstanding amounts owing to the taxpayer were included in gross income … cisco authorized testing centershttp://www.saflii.org/za/cases/ZASCA/1990/1.html diamond quilted padded coat