The Weekly Law Reports
[1964] 1 WLR 309
[CHANCERY DIVISION.]
STRICK (INSPECTOR OF TAXES)
v.
REGENT OIL CO. LTD.
1963 Dec. 12,
13,
17.
Pennycuick J.
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
— Interest in land a capital asset
—
Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), s. 137 (f).