The Weekly Law Reports
[1972] 3 WLR 17
[COURT OF APPEAL]
BALL (INSPECTOR OF TAXES)
v.
NATIONAL AND GRINDLAYS BANK LTD.
1971 May 26,
27;
June 23
June 23
Russell, Fenton Atkinson and Stamp L.JJ.
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)