Privy Council.

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.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.