Tootal Broadhurst Lee Co Ltd v. Inland Revenue Commissioners

[1949] 1 All ER 261

(Judgment by: Lord Reid)

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

Court:
House of Lords

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

Judgment by:
Lord Reid

My Lords, I concur with your lordships.

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).