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Denmark Community Windfarm Ltd v Commissioner of Taxation [2017] FCA 478

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INCOME TAX - whether a commonwealth grant received by a taxpayer was an assessable recoupment for the purposes of s 20-20(2) and 20-20(3) of the Income Tax Assessment Act 1997 (Cth) (1997 Act) - whether the grant was received "by way of indemnity" for the purposes of s 20-20(2) of the 1997 Act - whether a grant paid on capital account is a deductible outgoing in the current year or an earlier income year for the purposes of s 20-20(2) and 20-20(3) of the 1997 Act - whether an allowable depreciation under Div 328 is a deductible amount for the purposes of s 20-20(2) and 20-20(3)

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