The Law Reports (Appeal Cases)
[1956] AC 85
[JUDICIAL COMMITTEE]
MINISTER OF NATIONAL REVENUE APPELLANT; AND ANACONDA AMERICAN BRASS LTD. RESPONDENT.
ON APPEAL FROM THE SUPREME COURT OF CANADA.
1955 Dec. 13.
VISCOUNT SIMONDS, LORD OAKSEY, LORD REID, LORD KEITH OF AVONHOLM and LORD SOMERVELL OF HARROW.
Canada
— Revenue
— Excess profits tax
— Manufacturing company
— Method of computing profits
— Relevant cost of raw materials
— F.I.F.O. or first-in-first-out assumption applicable
— Proper weight to be given to ascertainable facts
— L.I.F.O. or last-in-first-out method inappropriate
—
(Canadian) Excess Profits Tax Act, 1940, c. 32, s. 3.
Revenue
— Income tax
— Profits of trade
— Cost of raw materials.