Ostime (Inspector of Taxes) v Australian Mutual Provident Society

[1960] A.C. 459

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(Decision by: Lord Tucker)

Between: Ostime (Inspector of Taxes) - Appellant
And: Australian Mutual Provident Society - Respondent

Court:

Judges: Lord Radcliffe

Lord TuckerLord Somervell of Harrow
Lord Denning
Lord Birkett

Subject References:
REVENUE
INCOME TAX
DOUBLE TAXATION RELIEF
Life assurance
Mutual life assurance association in Australia
Branch office in United Kingdom
Assessments to income tax on life fund interest
Competence of assessments
'Industrial or commercial profits'
Whether taxable surpluses properly so described

Legislative References:
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40) - Sch. I, Sch. D, Rules applicable to Case III, r. 3
Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10) - s. 430
Double Taxation Relief (Taxes on Income) (Australia) Order, 1947 (S.R. & O., 1947, No. 806) - Sch., art. II (1) (i), (3); art. III (2), (3)

Hearing date: 4, 8-9 June 1959
Judgment date: 16 July 1959

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Decision by:
Lord Tucker

My Lords, I agree.