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  3. 14.the high court in the case of scott v fc of t d

14.The High Court in the case of Scott v FC of T determined that: a....

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Accounting

14.The High Court in the case of Scott v FC of T determined that: a. amounts that are mere gifts, such as the gift of a large sum of money Mr Scott received from his friend who was a widow and the wife of a former client, are not considered to be ordinary income b. amounts that are gifts must always be treated as ordinary income c. amounts that are mere gifts, such as the gift of a large sum of money Mr Scott received from his friend who was a widow and the wife of a former client, are fully tax deductible to the person making the gift d. None of the above.

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