THE APPEAL COURT.
COMMISSIONER OF TAXES v. BOLTON AND OTHERS. LPEE peess association..! WELLINGTON, July 7. The Appeal Court sat this morning to hear tAVO ' special cases under the Land and Income Assessment Act, the Commissioner of Taxes A’. Bolton, DAvan and others, andi the same v. Bolton, \ r an Stavern and others. The question involved Avas whether profits made from the sale of land Avere liable to income tax. Mr Bell, for the Commissioner, contended that a body of persons or a syndicate was in no different position to a company. He cited the case of the Miramar Land Co.
At the Appeal Court. Mr Gray, for defendants, contended that an incorporated company would be liable, yet these bodies of persons Avere not. They Avere not dealing in land Avithin the meaning of the Act. Counsel for defendants followed Mr Gray, and at the close of liis argument the Court g;u r e judgment, unanimously holding that syndicates Avere liable for taxation on profits made by the sale of their land. Costs were allowed to the Commissioner in both cases.
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Gisborne Times, Volume XXIX, Issue 3264, 8 July 1911, Page 5
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181THE APPEAL COURT. Gisborne Times, Volume XXIX, Issue 3264, 8 July 1911, Page 5
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