The Law Reports (Appeal Cases)
[1925] AC 469
[HOUSE OF LORDS.]
GLOUCESTER RAILWAY CARRIAGE AND WAGON COMPANY, LIMITED APPELLANTS; AND COMMISSIONERS OF INLAND REVENUE RESPONDENTS.
1925 Feb. 19.
VISCOUNT CAVE L.C., LORD DUNEDIN, LORD ATKINSON, LORD SUMNER, and LORD BUCKMASTER.
Revenue
— Corporation Profits Tax
— Business of manufacturing Railway Wagons for sale or hire
— Discontinuance of hiring Business and sale of Wagons used therein at a Profit
— Trade Profit or Capital Accretion
—
Finance Act, 1920 (10 & 11 Geo. 5, c. 18), ss. 52, 53.