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Refer to the decisions in FCT v Rowe (1997) 35 ATR 432; 97 ATC 4317...

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Accounting

Refer to the decisions in FCT v Rowe (1997) 35 ATR 432; 97 ATC 4317 and FCT v Stone(2005) 59 ATR 50; 2005 ATC 4234: (a) In your own words, briefly outline the facts and issues in each case. (b) Explain why the government grants to the taxpayer in Stone were income but the grant in Rowes case was not.

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