SOMMER RANCHINSG (PVT) LTD v COMMISSIONER OF TAXES 1999 (1) ZLR 438 (S)
Citation | 1999 (1) ZLR 438 (S) |
Case No | Judgment No. S-65-99 |
Court | Supreme Court, Harare |
Judge | Gubbay CJ, McNally JA, Ebrahim JA |
Heard | 20 May 1999 |
Judgment | 1 June 1999 |
Counsel | E W W Morris, for the appellant |
Case Type | Civil appeal |
Annotations | Link to case annotations |
Flynote
Revenue and public finance — capital gains tax — assessment — objection to — sale of land — farm owned by company — all shares in company sold for price close to market value of land — price allocated partly for shares and partly as dividend — Commissioner entitled to look at substantive nature of transaction and make assessment accordingly
Revenue and public finance — income tax — imposition of penalty tax by Commissioner of Taxes — appeal to special court — special court has original jurisdiction when considering decision where Commissioner has exercised a discretion — when special court's discretion may be interfered with on appeal
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