Income tax : set-off of balance of assessed loss - whether company carried on trade and earned income during the year. Section 20 of Income Tax Act 58 of 1962 ; CSARS v Megs Investment (Pty) Ltd and SNKH Investments (Pty) Ltd, Case 342/2003 judgment of the Supreme Court of Appeal delivered on 37 March 2004

Authors :

Jones, A J A

Journal Title :

The Taxpayer

Citation :

(2004) 53 Taxpayer 197

S.A. Cases Cited :

CSARS v Megs Investment (Pty) Ltd and SNKH Investments (Pty) Ltd

S.A. Legislation :

Income Tax Act 58 of 1962 s. 20

Subject :

Income tax - Deductions - Losses

Assessment

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