Gas Lighting Improvement Company Ltd v Commissioners of Inland Revenue
[1923] A.C. 723(Decision by: Lord Atkinson)
Between: Gas Lighting Improvement Company Ltd - Appellant
And: Commissioners of Inland Revenue - Respondents
Judges:
Viscount Cave LC
Viscount Finlay
Lord AtkinsonLord Sumner
Lord Phillimore
Subject References:
REVENUE
EXCESS PROFITS DUTY
Computation of Capital
Percentage Standard
Income received from Investments
Capital of Trade or Business
Deduction
Legislative References:
Finance (No. 2) Act, 1915 (5 & 6 Geo. 5, c. 89) - ss. 40, 41; Sch. IV., Part I., r. 8; Part III., r. 2
Judgment date: 11 May 1923
Decision by:
Lord Atkinson
My Lords, I have had the pleasure and advantage of reading the judgment which has just been delivered by my noble and learned friend Lord Finlay. I have not only had that advantage but I have had the advantage of having discussed with him before he wrote the judgment the lines on which he intended to write it. I thoroughly concur with it and I have nothing to add.
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