NMRSB Ltd & Ors v Commissioner of Taxation [1998] FCA 146

FEDERAL COURT OF AUSTRALIA INCOME TAX - deductions - interest paid by taxpayer to depositors pursuant to merger agreement whereby 'additional interest' payable - whether outgoing of capital or revenue nature - Income Tax Assessment Act 1936 (Cth), s 51. INCOME TAX - practice and procedure - assessments - whether notice of amended assessment advising that no tax is payable extinguishes the original assessment - Income Tax Assessment Act 1936 (Cth), ss 166 and 170.

Taxation Administration Act 1953 (Cth), Part 4C. Permanent Building Societies Act 1967 (NSW). National Mutual Royal Savings Bank (Merger) Act 1987 (Vic). Income Tax Assessment Act 1936 (Cth) ss 6, 51, 166, 170.

Avco Financial Services Ltd v Federal Commissioner of Taxation (1982) 150 CLR 510. Batagol v Federal Commissioner of Taxation (1963) 109 CLR 243. BP Australia Ltd v Federal Commissioner of Taxation (1965) 112 CLR 386 (PC). Cecil Bros Pty Ltd v Federal Commissioner of Taxation (1964) 111 CLR 430. Cliffs International Inc v Federal Commissioner of Taxation (1979) 142 CLR 140. Coles Meyer Finance Ltd v Federal Commissioner of Taxation (1993) 176 CLR 640. Federal Commissioner of Taxation v Isherwood & Dreyfers Pty Ltd (1979) 46 FLR 1 (FCA/FC). Federal Commissioner of Taxation v Roberts (1992) 37 FCR 246 (FCA/FC). Federal Commissioner of Taxation v South Australian Battery Makers Pty Ltd (1978) 140 CLR 645. Fletcher v Federal Commissioner of Taxation (191) 173 CLR 1. GP International Pipecoaters Pty Ltd v Federal Commissioner of Taxation (1990) 170 CLR 124. Hallstroms Pty Ltd v Federal Commissioner of Taxation (1946) 72 CLR 634. Magna Alloys and Research Pty Ltd v Federal Commissioner of Taxation (1980) 49 FLR 183 (FCA/FC). Ryan v Federal Commissioner of Taxation (1997) 148 ALR 88 (FCA/Spender J). Sun Newspapers Ltd v Federal Commissioner of Taxation (1938) 61 CLR 337. Texas Co (Australasia) Ltd v Federal Commissioner of Taxation (1940) 63 CLR 382. Trident General Insurance Co Ltd v McNiece Bros Pty Ltd (1988) 165 CLR 107. Webb v Commissioner of Taxation (No 2) (1993) 47 FCR 394 (FCA/Hill J).