n Tax Breaks Newsletter - When is your bank entitled to reverse a transaction? : from the courts
|Article Title||When is your bank entitled to reverse a transaction? : from the courts|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jan 2009|
|Pages||5 - 6|
If SARS appoints a bank as its agent prior to a transaction to a third party being passed, can this transaction be reversed? According to a recent Appeal Court decision, the answer is "no".
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