The Weekly Law Reports
[1956] 3 WLR 389
[HOUSE OF LORDS.]
SOUTHERN RAILWAY OF PERU LTD. APPELLANT; AND OWEN (INSPECTOR OF TAXES) RESPONDENT.
1956 Apr. 23,
24,
25,
26;
June 21.
June 21.
EARL JOWITT, LORD OAKSEY, LORD MACDERMOTT, LORD RADCLIFFE and LORD TUCKER.
Revenue
— Income tax
— Profits of trade
— Contingent liability
— Payments of compensation to employees at end of service
— Claim to charge sums against profits in each accounting period
—
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), Sched. D, Cases I and II.