Tile and Carpet Centre Limited v Commissioner of Domestic Taxes
Citation
Tile and Carpet Centre Limited v Commissioner of Domestic Taxes
Industry
AUDIT Trigger
Whether the Appellant borrowed funds from a commercial bank to finance the purchase of land on behalf of a related company and if so whether part of the interest on those borrowings should -, be restricted and disallowed for corporation tax purposes to the extent of the monies deposited with the Advocates.
Outcome
Information pending further review