Back to Taxation Law

Californian Oil Products Ltd v FCT (1934) 52 CLR 28

This case considered the issue of compensation for the cancellation of a business contract and whether or not a payment made to a company in consideration for the cancellation of a company’s only contract was assessable as ordinary income or capital in nature.

Share this case study

Like this case study

Californian Oil Products Ltd v FCT (1934) 52 CLR 28 studentatlaw
Purchase
This is the preview only.
Please purchase to get access to the full audio summary.