Z (PVT) LTD v ZIMBABWE REVENUE AUTHORITY 2014 (2) ZLR 568 (H)
Citation | 2014 (2) ZLR 568 (H) |
Case No | Judgment No. HH-575-14 |
Court | High Court, Harare |
Judge | Kudya J |
Heard | 21 July 2014; CAV |
Judgment | 22 October 2014 |
Counsel | A P de Bourbon SC, for the appellant |
Case Type | Income tax appeal |
Annotations | No case annotations to date |
Flynote
Revenue and public finance – income tax – income – deductions allowable – loss incurred for the purposes of trade or in the production of income – money paid to the Reserve Bank as part of normal method of carrying on trade – money not returned by Reserve Bank – such money should be regarded as a loss and deducted from taxable income
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