The Weekly Law Reports
[1956] 1 WLR 1105
[CHANCERY DIVISION.]
HART (INSPECTOR OF TAXES)
v.
SANGSTER.
1956 June 26,
27;
July 3.
July 3.
Vaisey J.
Revenue
— Income tax
— New source of incomè
— “Source”
— Deposit account at bank
— Interest payable on sums deposited
— Whether new contract between customer and bank arises every time a fresh sum deposited
— “New source, or addition to source of income”
—
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), Sched. D, Case III
—
Finance Act, 1951 (14 & 15 Geo. 6, c. 43), s. 21.