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Setting-Off of Losses

Published online by Cambridge University Press:  04 July 2014

Arye Lapidoth
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Type
Cases
Information
Israel Law Review , Volume 27 , Issue 3 , Summer 1993 , pp. 487 - 494
Copyright
Copyright © Cambridge University Press and The Faculty of Law, The Hebrew University of Jerusalem 1993

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References

1 1 L.S.I.[N.V.] 145.

2 Income Tax Ordinance, 1947, P.G. 1947, No. 1568, Supplement 1, p. 93.

3 See the reasons given for the system of deduction in respect of trade losses recommended in the Model Ordinance, on which sec. 14 of 1941 Ordinance is based. Cmd. 1788, p. 8, secs. 21 and 22.

4 A.B. v. Assessing Officer, (1952) 7 P.M. 79, at 84.

5 Supra n. 1, at 160.

6 See supra n. 4.

7 Goldberg v. Assessing Officer, 3 P.D.E. 180.

8 Ibid.

9 See Gliksberg, D., “The Offsetting of Ordinary Losses and the Legislative Purpose”, (1992) 21 Mishpatim 531Google Scholar. See also Neiger, D., “Following the Decision in Goldstein Ltd.”, (1990) vol. 4, no. 6Missim, p. A–11Google Scholar. See also D. Levy and M. Gurfein, “Adventure in the Nature of Trade and Set off of Losses - the Goldstein Case”, ibid., at A-17.