![Student Law Notes - Legal notes for University studies](https://www.studentlawnotes.com/sites/all/themes/siteTheme/img/LG_StudentLawNotes.png)
![](https://www.studentlawnotes.com/sites/all/themes/siteTheme/img/GR_ArrowRed.png)
FCT v James Flood (1953) 88 CLR 492
This case considered the issue of allowable deductions and whether or not a company could claim the provision for its holiday and sick leave entitlements as an allowable deduction under section 51 of the Income Tax Assessment Act.
![](https://www.studentlawnotes.com/sites/default/files/law-notes-case-studies-2-large_110.jpg)
- Title
Update Required
To play the media you will need to either update your browser to a recent version or update your Flash plugin.
This recording is subject to Copyright
Purchase ![](/sites/all/themes/siteTheme/img/GR_Preview.png)
Please purchase to get access to the full audio summary.