Tootal Broadhurst Lee Co Ltd v. Inland Revenue Commissioners

[1949] 1 All ER 261

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(Decision by: Lord Reid)

Between: Tootal Broadhurst Lee Co Ltd
And: Inland Revenue Commissioners

Court:

Judges: Lord Simonds
Lord Normand
Lord Morton of Henryton
Lord MacDermott

Lord Reid

Subject References:
taxation
profits
Excess Profits Tax
"Income received from investments"
Royalty received from licence of patented invention

Legislative References:
Finance (No 2) Act, 1939 (c 109) - sched VII, pt I, para 6(1)

Case References:
Inland Revenue Comrs v Desoutter Bros Ltd - [1946] 1 All ER 58; 174 LT 162; 2nd Digest Supp
Gas Lighting Improvement Co Ltd v Inland Revenue Comrs - [1923] AC 723; 92 LJKB 665; sub nom, Inland Revenue Comrs v Gas Lighting Improvement Co Ltd; 129 LT 481; 12 Tax Cas 503; Digest Supp
Inland Revenue Comrs v Rolls-Royce Ltd - [1944] 2 All ER 340; 171 LT 238; 2nd Digest Supp
Inland Revenue Comrs v Broadway Car Co (Wimbledon) Ltd - [1946] 2 All ER 609; 2nd Digest Supp

Hearing date: 29, 30 November 1948
Judgment date: 20 January 1949

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Decision by:
Lord Reid

My Lords, I concur with your lordships.