WHIMSTER & CO. v. INSPECTOR OF TAXES.
(1925) 23 Ll L Rep 79
COURT OF SESSION.
Before the Lord President, Lord Skerrington, Lord Cullen and Lord Sands.
Revenue-Excess Profits Duty-Ship-charterers -Vessels hired on time-charter- Computation of trading profits-Fall in shipping values-Anticipated results of future trading wrongly taken into account-Finance Act, 1922, Sect. 35.