The Law Reports (Appeal Cases)
[1968] AC 1097
[HOUSE OF LORDS]
DAVIES JENKINS & CO. LTD. APPELLANT AND DAVIES (INSPECTOR OF TAXES) RESPONDENT
[ON APPEAL FROM DAVIES (INSPECTOR OF TAXES) v. DAVIES JENKINS & CO. LTD.]
1967 Jan. 30,
31;
March 15
March 15
VISCOUNT DILHORNE, LORD MACDERMOTT, LORD MORRIS OF BORTH-Y-GEST, LORD GUEST and LORD UPJOHN.
Revenue
— Income tax
— Discontinuance of trade
— Company subvention agreement between associated companies
— Associated company ceasing to trade
— Subsequent payments received under agreement
— Whether subvention payment relief available
— “Receives”
—
Finance Act, 1953 (1 & 2 Eliz. 2, c. 34), s. 20 (1) (9) (10).
Statute
— Construction
— Subsequent enactments
— Whether relevant in interpreting earlier one
— Acts forming statutory code
— Where no ambiguity not permissible to have regard to subsequent enactment as aid to construction
—
Finance Act, 1953, s. 20
—
Finance Act, 1954 (2 & 3 Eliz. 2, c. 44), s. 18.