Class notes TAX4862 - APPLIED TAXATION

·u ro ~~ Income
Determination of ~ 1 oi \i"
SpeuQI ·10clu ~i0n
E)l..tmp r income
I, Gross beh11ibion of- Gro s& Income "
l lticome. The ror~I cur1c:l:»ir ra:.e1\/ed k)~ r v«r1..1ed hJ ('J( ihF-cwour
oH, '"'ll.PO~er dur-inJ -&uch period oF C\ S & e ~... ~®
e7:"lud1 1 re.cei pl-s I acouak, ol-- a oop,hxl rc1 \-Ur <. (®
CAS'E L~IN P"-INC1PLc&
S101 oF T/\A Onu~ ol- poof- I.I On fht Commi&iOn-tr
to prove Clr/\chm~ he!,
urrow,~ mu ~t tx,1,e ()') a~c.e.rf-oinctble vakie.. acmie.cl ·
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tobal Qmounf- amoun~ c~n bt 01~ll'lin:J o~r tt1G111 IY'cne.~ thc.\-
CC.n b~ l'.)\CAetc:(~ CA V vQ lue on . \I
\\ non-cap ii-al in mlure cimounn, wpoible cJ ~ I \fl~t,t-e,H _-~H lllQn cm~
t-o fn l'l'lOntj 1/cdu~ arQ rhc lv1c1eol . cv,t1d pro ~ol

'-. u ~erscn l')Q~ hi . l?t Un<.o \')ditio"Oll Q enti Heel .
0 ~1,1 1) ~ lei tc mciuclect l'J~1h1u-- i~iet~~ i¥1"od,Ve or rol- .
can rec.e1,e a,, a,noi.mt 0f1 bzl-dr
(X- CArc, ftie,r btA f- I mu .s be te ecl~d . f\tvn\nrs 0~ C\n
ill C41 n01l-urt- :
0
.- -n,i .Scun:e. of mt
fhccme, i s. rn,mo rer- ial .
( • An'i'.Jl,H'\1- i'\'>cH~ bt ,-hcl'-ld<J
i~ in/-e. ncl k-r 01</YI t-Jen.t.Fi"~-




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