The Law Reports (Appeal Cases)
[1948] AC 508
[HOUSE OF LORDS]
SMITH'S POTATO ESTATES LIMITED APPELLANTS; AND BOLLAND (INSPECTOR OF TAXES) RESPONDENTS.
SMITH'S POTATO CRISPS (1929) LIMITED APPELLANTS; AND INLAND REVENUE COMMISSIONERS RESPONDENTS.
1948 Apr. 19,
20,
22,
23:
July 14.
July 14.
VISCOUNT SIMON, LORD PORTER, LORD SIMONDS, LORD NORMAND and LORD OAKSEY.
Revenue
— Income tax
— Excess profits tax
— Deductions against profits
— Litigation to reduce tax assessment
— Legal and accountancy expenses
— Whether “money wholly and exclusively laid out or expended for the purposes of the trade”
—
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40) sch. D., Rules Applicable to Cases I. and II., r. 3 (a).