- Flynote
-
Income Tax Act 58 of 1962 (the Act) – s 24 I – losses or gains caused by
foreign exchange fluctuations – proviso to s 24 I(10) – not a self-standing provision for
deduction of a commercial loss unconnected to foreign exchange currency differences
– Natal Joint Municipal Pension Fund v Endumeni Municipality 2012 (4) SA 593 (SCA)
– unitary but not uniform exercise in purposive interpretation of contracts and statutes
– application of contra fiscum rule and presumption that statute law not unjust,
inequitable or unreasonable.
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Cited documents 7
Judgment 3
- Commissioner of the South African Revenue Services v Daikin Air Conditioning South Africa (Pty) Ltd (185 of 2017) [2018] ZASCA 66 (25 May 2018)
- Natal Joint Municipal Pension Fund v Endumeni Municipality (920/2010) [2012] ZASCA 13 (16 March 2012)
- New Adventure Shelf 122 (Pty) Ltd v Commissioner of the South African Revenue Services (310 of 2016) [2017] ZASCA 29 (28 March 2017)