The Law Reports (Chancery Division)
[1967] Ch 167
[CHANCERY DIVISION]
MACSAGA INVESTMENT CO. LTD.
v.
LUPTON (INSPECTOR OF TAXES)
1966 July 5,
6
PENNYCUICK J.
Revenue
— Income tax
— Machinery and plant
— Lifts and heating plant in office block
— Allowance for wear and tear of
— Claim by lessor of building
— Whether let upon terms that burden of wear and tear directly on lessor
— Covenant of repair by underlessee
— Whether “machinery and plant”
—
Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), ss. 298, 299.
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