South Africa Case Law

Mr Taxpayer v Commissioner for the South African Revenue Service (IT 45628)

Mr Taxpayer v Commissioner for the South African Revenue Service (IT 45628) [2022] ZATC 8; 85 SATC 331 (17 August 2022)

Court

Tax Court

Case number

IT 45628

Judges

E Molahlehi, Christene Fourie, Anna Teichert

The Tax Court held that R60 million paid for a restraint of trade was gross income under section 1(cB), and dismissed the appeal.

• Income Tax Act
• Restraint Of Trade
• Gross Income Definition
• Understatement Penalty
• Capital Vs Income
• Voluntary Disclosure