Interpretation of Revenue Statutes – Trading Rebates

Recent Law, Vol. 10, pp. 183-184, 1984

3 Pages Posted: 25 Mar 2010

See all articles by John Prebble KC

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: June 1984

Abstract

Commissioner of Inland Revenue v. New Zealand Plumbers’ Merchants Society Ltd. (1983) 6 NZTC 61,632, 6 TRNZ 489 (HC) concerned the interpretation of section 167A of the Income Tax Act 1976 concerning the deduction of trading stock rebates from income.

Although the case is limited to interpretation of a provision only in force for the 1978 tax year, the common sense interpretation adopted by Quilliam J. was precedent-setting. Quilliam J. was over-turned by the Court of Appeal (1986) 8 NZTC 5,136, but the Court of Appeal did not directly comment on the validity of his approach to interpretation.

Keywords: Mutuality principle, tax law, statutory interpretation, rebates, strict approach, presumption in favour of taxpayer

JEL Classification: K34

Suggested Citation

Prebble KC, John, Interpretation of Revenue Statutes – Trading Rebates (June 1984). Recent Law, Vol. 10, pp. 183-184, 1984, Available at SSRN: https://ssrn.com/abstract=1576888

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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