Federal Court of Australia
CATCHWORDS
INCOME TAX - exempt income - sale, transfer or assignment of mining tenements - agreement for sale of the right to mine included provisions for payment of royalty in respect of any mining operations commenced - payment of royalty not stated to be part of purchase price of tenements - tenements transferred - new contract for payment of royalty between transferee and prospectors - meaning of "income" and "derived from" - whether royalty payments income - sub-s.23(pa), Income Tax Assessment Act 1936. INCOME TAX - Federal Court - jurisdiction of on appeal from A.A.T. - appeal limited to questions of law. Administrative Appeals Tribunal Act 1975 s.44 Income Tax Assessment Act 1936 Pt III, Div 10; s 25; sub-ss 23(pa), 25(1) Parsons, Income Taxation in Australia Cliffs International v. F.C.T. (1979) 142 C.L.R. 140 Collector of Customs v. Pozzolanic Enterprises Pty. Ltd. (1993) 43 F.C.R. 280 Colonial Mutual Life Assurance Society Ltd. v. F.C.T. (1953) 89 C.L.R. 428 Commissioner of Inland Revenue v. N.V. Philips Gloeilampenfabrieken [1955] N.Z.L.R. 868 Commissioner of Taxation v. Kirk [1900] A.C. 588 Cowell Electric Supply Company Ltd. v. Collector of Customs (1995) 54 F.C.R. 1 Egerton & Warburton v. F.C.T. (1934) 51 C.L.R. 568 Egerton-Warburton v. Deputy Federal Commissioner of Taxation (1934) 51 C.L.R. 568 F.C.T. v. Cooper (1991) 29 F.C.R. 177 F.C.T. v. Inkster (1989) 24 F.C.R. 53 F.C.T. v. Myer Emporium Ltd. (1987) 163 C.L.R. 199 F.C.T. v. Roberts (1992) 37 F.C.R. 246 F.C.T. v. Thorogood (1927) 40 C.L.R. 454 Harding v. F.C.T. (1917) 23 C.L.R. 119 Just v. F.C.T. (1949) A.L.R. 438 Kidston Goldmines Ltd. v. F.C.T. (1991) 30 F.C.R. 77 McCauley v. F.C.T. (1994) 69 C.L.R. 235 Minister of National Revenue v. Spooner [1993] A.C. 684 Moneymen Pty. Ltd. v. F.C.T. (1990) 21 A.T.R. 581 T.N.T. Skypack International (Aust.) Pty. Ltd. v. F.C.T. (1988) 82 A.L.R. 175 BARRY NICHOLAS IVANAC V. DEPUTY COMMISSIONER OF TAXATION WAG5 OF 1995 LEE J. CANBERRA 26 OCTOBER 1995
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate