The Weekly Law Reports
[1964] 1 WLR 1166
[COURT OF APPEAL.]
STRICK (INSPECTOR OF TAXES)
v.
REGENT OIL CO. LTD.
1964 June 4,
5,
8.
Lord Denning M.R., Danckwerts and Diplock L.JJ.
Revenue
— Income tax
— Capital or revenue expenditure
— Trading profits of oil company
— Payments to secure exclusive sales stations
— Whether premiums for head leases deductible
— Restrictive covenants by proprietors as sublessees
— Payments for permanent assets
—
Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), s. 137 (f).