Gross income - Intention of the taxpayer

Question 1

Facts:
The facts of the Capstone court case are extremely complex. The facts and the principles coming from those facts is not the reason why its included in the Court cases list of SAICA.

Answer 1

Capstone

Issue:
From whom can you determine the intention of the company?

Principle:
A company’s intention is indicated by the persons who are in effective control of the company, such as directors and executive management.