- 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
Legislation 4
1. | Income Tax Act, 1962 | 1599 citations |
2. | Customs and Excise Act, 1964 | 912 citations |
3. | Interpretation Act, 1957 | 291 citations |
4. | Tax Administration Act, 2011 | 253 citations |