The Law Reports (Appeal Cases)
[1944] AC 126
[JUDICIAL COMMITTEE]
MONTREAL COKE AND MANUFACTURING COMPANY APPELLANTS; AND MINISTER OF NATIONAL REVENUE RESPONDENT.
MONTREAL LIGHT, HEAT AND POWER CONSOLIDATED APPELLANTS; AND SAME RESPONDENT.
ON APPEAL FROM THE SUPREME COURT OF CANADA.
1944 May 3.
VISCOUNT SIMON L.C., LORD RUSSELL OF KILLOWEN, LORD MACMILLAN, LORD WRIGHT and LORD PORTER.
Canada
— Revenue
— Income tax
— Deductions
— Company
— Redemption of bond issue
— New bonds issued at lower interest rates
— Less onerous conditions of payment
— Expenditure incurred in effecting conversion
—
Income War Tax Act, R. S. C., 1927, c. 97, s. 6 (a) (b).