Cir v people’s stores

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August undefined, 2024

WebThe case turned on the meaning of the words "accrued to or in favour of such person" in the definition of "gross income" in Section 1 of the Income Tax Act. Our courts have held that the words "accrued to" mean, "to which (any person) has become entitled". (Lategan v CIR 1926 CPD 203; CIR v People s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353A). WebCIR v People's Stores (Walvis Bay) (Pty) Ltd Definition of gross income – "total amount" & "accrued to" It was held that income can be money or "every form of property earned by the taxpayer, whether corporeal or incorporeal, which has a money value".

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WebCIR v People Stores (confirmed Lategan) An amount to which a person has become entitled to, even though payment may only be made in future. Granting of credit is not a condition Mooi v SIR Entitled = an unconditional entitlement Where a condition is attached to the receipt, no accrual has accrued Deposits Pyott v CIR Where deposits are received ... WebCIR v People Stores as amended by the Income Tax Act. Taxpayer sold clothing on account; Outstanding amounts owing to the taxpayer were included in gross income because the taxpayer was entitled to them (if bad or doubtful, claim a deduction) The full amount is included in gross income, no discounting to present value allowed; MP … irish spring soap for yard

30 Gross Income Notes - Grade: 8 - Gross Income Definition

WebJul 14, 2024 · v CIR 2 SATC 16 and CIR v People’s Stores (Walvis Bay) (Pty) Ltd 52 SATC 9 that an entitlement to payment constitutes something that can “accrue”, even though … 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 … WebGet People v. Kurr, 654 N.W.2d 651 (2002), Court of Appeals of Michigan, case facts, key issues, and holdings and reasonings online today. Written and curated by real attorneys … irish spring soap formula change

Legality and Income Tax – Is SARS ‘entitled to’ Levy

WebFeb 22, 1990 · South Africa: Supreme Court of Appeal. 1. HEFER JA: This is an appeal in terms of sec 86 A (2) (b) of the Income Tax Act 58 of 1962, as amended, ("the Act") … PEOPLE'S STORES (WALVIS BAY) (PTY) LIMITED RESPONDENT CORAM : … Webthe cases of CIR v Ochberg13 and Mooi v SIR,14 are then contrasted with an opposing meaning attributed to it in later case law. The opinions of two Commissions of Inquiry,15 … irish spring soap is it healty to be inhalingWebCactus Investments (Pty) Ltd v CIR 61 SATC – (Mentioned) 2. CIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A); 52 SATC 9 – (Mentioned) 3. ... Commissioner for South African Revenue Service V Brummeria Renaissance (Pty) Ltd and Others, 69 SATC 205, CIR V People’s Stores (Walvis Bay) (Pty) Ltd 52 SATC 9, ... irish spring soap history

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Cir v people’s stores

Webo In cases where the emphasis is on the business (not the property/asset) (e.g. car rental company) -> the source of the rental income will be where the business is located Statutory Source Rules Section 9 Income Tax Act Amount in Cash or Otherwise Lategan v CIR o The court held that an amount accrues to a taxpayer in the year of assessment when the … Webthe legality or otherwise of the business productive of Income CIR v Delagoa Bay Cigarette Co Ltd MP Finance Group CC (in liquidation) v C:SARS Relevant to section 11(a) Words or phrase considered Name of the court case Requirements in general and if income must be earned in the same year Sub-Nigel Ltd v CIR carrying on a trade Burgess v CIR C:SARS …

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WebPeople 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 … 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.

WebAppellate Division in Commissioner for Inland Revenue v People’s Stores (Walvis Bay) (Pty) Ltd 1990 (2) SA 353 (A). The judgment in People’s Stores endorsed the so-called … WebTEST 6 e. In CIR v People’s Stores, the court interpreted the meaning of ‘accrued to’ to mean that the taxpayer must have become unconditionally entitled to an amount. When …

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 … WebMar 22, 2024 · Case: 21-60864 Document: 00516684667 Page: 1 Date Filed: 03/22/2024 United States Court of Appeals for the Fifth Circuit _____ United States Court of Appeals Fifth Circuit FILED No. 21-60864 Summary Calendar _____ March 22, 2024 Lyle W. Cayce Clerk Chakakhan R. Davis, Plaintiff—Appellant, versus Wal-Mart Stores East, L.P., …

WebCohen v CIR 1946 AD 174, 13 SATC 362. CIR v Epstein 1954 (3) SA 689 (A), 19 SATC 221. CIR v Kuttel 1992 (3) SA 242 (A), 54 SATC 298. Lever Bros 14 SATC 1. Rhodesia …

WebCIR v People Stores as amended by the Income Tax Act. Taxpayer sold clothing on account; Outstanding amounts owing to the taxpayer were included in gross income because the taxpayer was entitled to them (if bad or doubtful, claim a deduction) The full amount is included in gross income, no discounting to present value allowed; MP … port elizabeth female prisonWebCIR v Peoples Stores (supra), it has been accepted that an amount will accrue to a taxpayer at the moment when she became entitled to it. In CIR v Peoples Stores (supra) this … port elizabeth high court judgmentsWeb1 Construction of Fiscal Statutes [1] Partington v Attorney General 21 LT 370 [2] Cape Brandy Syndicate v IRC (1921) 1 KB 64 [3] CIR v Delfos 1933 AD 242, 6 SATC 92 [4] CIR v Simpson 1949 (4) SA 678 (A), 16 SATC 268 [5] Jaga v Donges NO 1950 (4) SA 653 (A) [6] Venter v R 1907 TS 910 [7] Savage v CIR 1951 (4) SA 400 (A) port elizabeth boardwalk hotel and spaWeb3.1 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 ... 8 cir v golden … port elizabeth election results 2021Webcommissioner for inland revenue v people‟s stores (walvis bay) (pty) ltd 52 SATC 9 (A) - 1989 Importance Classification: Very important as the Appellate Division in this case … irish spring soap in the gardenWebCitation253 Mich. App. 317, 654 N.W.2d 651,2002 Mich. App. 1380. Brief Fact Summary. The Defendant, Jaclyn Louise Kurr (Defendant), killed her boyfriend, Antonio Pena (the … port elizabeth helicopter charterWebWe 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 constitutes something that can “accrue”, even though actual payment is only due in future. irish spring soap liquid