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Texas Co (Australasia) Ltd v Commissioner of Taxation
Judgment date: 18/03/1940
Court: HCA
Judge: Latham CJ, Rich, Starke, Dixon and McTiernan JJ
Citation:
[1940] ALR 126;
BC4000024;
Catchwords: Taxation and revenue; Income tax; Drop in exchange rate; Deduction of losses;
Taxation and revenue; Income tax; Income received in New Zealand; Deductability;
Taxation and revenue; Income tax; Overseas debts; Power of Taxation Board of Review;
Taxation and revenue; Income tax; Expenditure; Deductions from gross income;