Cir v people’s stores walvis bay pty ltd

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http://kenyalaw.org/caselaw/cases/view/167696/ WebJul 14, 2024 · We know from the cases of WH Lategan v CIR 2 SATC 16 and CIR v People’s Stores (Walvis Bay) (Pty) Ltd 52 SATC 9 that an entitlement to payment …

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Web[30] CIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A), 52 SATC 9, 1990 Taxpayer 70 [31] SIR v Silverglen Investments (Pty) Ltd 1969 (1) SA 365 (A), 30 SATC … http://www.saflii.org/za/cases/ZASCA/1990/1.html dewalt compound action diagonal cutters

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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 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. WebCOMMISSIONER FOR INLAND REVENUE v PEOPLE‟S STORES (WALVIS BAY) (PTY) LTD. 52 SATC 9 (A) - 1989 Importance Classification: Very important as the Appellate … church lone working policy

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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 could be attached to it in money and the amount therefore had to … WebAmount C:SARS v Brummeria Renaissance (Pty) Ltd CIR v Butcher Bros (Pty) Ltd ... from a source within .. Republic CIR v Lever Brothers and Unilever Ltd. accrued to CIR v People’s Stores (Walvis Bay) (Pty) Ltd CIR v Witwatersrand Association of Racing Clubs CIR v Lategan Mooi v SIR. received by Geldenhuys v CIR MP Finance Group CC (In ... church loop road lumberton txWebCIR v People Stores ( Walvis Bay) (Pty) Ltd 2. Principle of earlier of receipt or accrual b) The Munro booked out a luxury suite on 26 February 2024. The booking was made to a very valuable client and for this reason The Munro agreed that payment for this suite will only be made on 30 June 2024. The rate for the suite on 26 February 2024 was ... dewalt compound dual bevel miter saw

"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 ... " - Cir v people’s stores walvis bay pty ltd

Cir v people’s stores walvis bay pty ltd

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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 … Web(Lategan v CIR 1926 CPD 203; CIR v People s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353A). The taxpayer s argument The taxpayer argued that in order to give rise to an accrual the right to claim payment from its customers must be unconditional.

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Web(see Lategan v Commissioner for Inland Revenue 1926 CPD 203 at 209; Commissioner for Inland Revenue v Peoples Stores (Walvis Bay) Pty Ltd 1990 (2) SA 353 (A) at 298E; …

Web1 Penned by Justice Perlita J. Tria Tirona, concurred in by Justices Eugenio S. Labitoria and Eloy R. Bello, Jr.. 2 Entitled "An Act Penalizing the Making or Drawing and Issuance of a … WebCIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A); 52 SATC 9 – ... Ltd and Others, 69 SATC 205, CIR V People’s Stores (Walvis Bay) (Pty) Ltd 52 SATC 9, and Cactus Investments (Pty) Ltd V CIR 61 SATC 43, that the debt must be one in respect of which the debtor is under an obligation to pay immediately. ...

WebCIR v People Stores (Walvis Bay) (Pty) Ltd. 1990 (2) SA 353 (A). 6. Geldenhuys v CIR. 1974 (3) SA 256 (C), 14 SATC 419. 3 unconditional. 7. An amount is included in a person’s gross income in the year in which it is received by him or her or the year in which it accrues to him or her, whichever comes WebSee Lace Proprietary Mines Ltd v CIR 1938 AD 267, 9 SATC 349. 9. ... The entitlement principle was confirmed in . CIR v People’s Stores (Walvis Bay) (Pty) Ltd . 1990 (2) SA 353 (A), 52 SATC 9 at 19. DRAFT 5 (d) “Intellectual property” Section 49A refers to intellectual property as defined in section23I. Section 23I

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.

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 … dewalt composite toe shoesWebPeople v. Williams (1970) 10 Cal.App.3d 745, 89 Cal.Rptr. 364, also cited by the People, in relying on People v. Isby (1947) 30 Cal.2d 879, 894, 186 P.2d 405, does establish that … church looking for pastor in ukWebFeb 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 : … dewalt compound miter saw dw705 partsWebIN CIR v People’s Stores (Walvis Bay) (Pty) Ltd (1990 A) the court held that the amount that “accrued to” a taxpayer is the amount to which a taxpayer “had become entitled to”. If there is a condition imposed in the contract, accrual is deferred until the condition is fulfilled. church losingWeb1926 CPD 203, 2 SATC 16, v People’s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A), 52 SATC 9 and ... (Pty) Ltd v CIR . 1999 (1) SA 315 (SCA), 61 SATC 43 were … dewalt compound miter saw laser guideWebCIR 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 … church love giftWeb3.1 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 … church love offerings