The Weekly Law Reports
[1976] 2 WLR 986
[PRIVY COUNCIL]
SERAMCO LTD. SUPERANNUATION FUND TRUSTEES APPELLANTS AND INCOME TAX COMMISSIONER RESPONDENT
[ON APPEAL FROM THE COURT OF APPEAL OF JAMAICA]
1975 Nov. 3,
4,
5;
1976 March 8
1976 March 8
Lord Diplock, Lord Morris of Borth-y-Gest Lord Kilbrandon, Lord Salmon and Lord Russell of Killowen
Jamaica
— Income tax
— Dividend stripping
— Commissioner's refusal to make repayment of tax to exempt fund
— Right of appeal
— Disregard of transaction as artificial
— Effect on persons concerned in transaction
—
Income Tax Law 1954 (No. 59 of 1954), ss. 10 (1), 63 (3)