Southern Pacific Insurance Company (Fiji) Limited v Commissioner of Inland Revenue (Fiji).  BTC 181
Judgment delivered 24 February 1986.
Income tax – Company – Total income – Allowable deductions – Treatment for tax purposes of sums set aside in accounts of insurance company for unreported claims – Income Tax Act (Cap. 201) (Fiji), sec. 19(g).
This was an appeal by the taxpayer company against a decision of the Court of Appeal of Fiji whereby it disallowed a deduction from the company’s profits in respect of certain insurance claims.