Colonial Mutual Life Assurance Society Ltd v. Federal Commissioner of Taxation (13 October 1953)

89 CLR 428

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(Judgment by: Kitto J)

Between: Colonial Mutual Life Assurance Society Ltd
And: Federal Commissioner of Taxation

Court:

Judges: Williams ACJ
Webb J
Fullagar J

Kitto JTaylor J

Subject References:
Taxation and revenue
Income tax
Assessment
Capital or income
Deduction
Outgoings incurred
Transfer of land
Outgoing of capital nature

Legislative References:
Income Tax Assessment Act 1936 No 27 - s 51(1)

Hearing date: 9 June 1953; 10 June 1953
Judgment date: 13 October 1953

MELBOURNE

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Judgment by:
Kitto J

I am of the same opinion, and I have nothing to add to the reasons stated by my brother Fullagar.