Hearings
England & Wales
03 Jul 1956 [1956] 1 WLR 1105, Ch D
19 Mar 1957 [1957] Ch 329; [1957] 2 WLR 812, CA
Hart v Sangster
Subject Matter
REVENUE — Income tax — New source of income — “Source” — Deposit account at bank — Interest payable on sums deposited — Whether new contract between customer and bank arises every time a fresh sum deposited — “New source, or addition to source, of income” — Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), Sch. D, Case III — Finance Act, 1951 (14 & 15 Geo. 6, c. 43), s. 21.
BANKING — Deposit account — Contract — Whether new contract whenever money paid in.