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Tax case: Losses lost due to lack of control
Published on 01 Jul 05 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
On 26 April 2005, the High Court unanimously allowed the Commissioner's appeal from the decision of the Full Federal Court in FCT v Linter Textiles Australia (in liq) (2003) 52 ATR 502. The Commissioner won on a ground which had not been considered in the Courts below, but agreed to pay the costs of the appeal.
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Anshu MAHARAJ
Anshu is a Senior Associate with Phillips Fox Lawyers.Current at October 2006