Print Page   |   Report Abuse
News & Press: SAFLII

Income tax case no 11362

05 May 2005   (0 Comments)
Posted by: TaxFind™
Share |

Income tax case no 11362
Before the honourable A R Erasmus: President
Mr C A Sharwood: Accountant member
Mr F H Fereira: Commercial member

Mini Summary

The appellant had made an investment in a certain operation, but sustained two losses.He attempted to claim the losses as deductions under section 11 of the Income Tax Act 58 of 1962.The Commissioner refused to allow the deductions, leading to the present appeal.

Held that the appellant bore the onus of proving that the Commissioner's decision was wrong.

The court found that the losses sustained by the appellant were not connected to his acquisition of income, and the appeal had to fail.

To view full decision click here


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by®  ::  Legal