The Weekly Law Reports
[1971] 2 WLR 1129
[CHANCERY DIVISION]
BALL (INSPECTOR OF TAXES)
v.
NATIONAL AND GRINDLAYS BANK LTD.
1970 Dec. 10,
11;
18
Ungoed-Thomas J.
Revenue
— Corporation tax
— Charge on income
— Deed of covenant to pay annual sums to trustees to pay school fees of employees' children
— Whether payments under “liability incurred for a valuable and sufficient consideration”
—
Finance Act 1965 (c. 25), s. 52 (4) (b)[1]