DEVON MUTUAL STEAMSHIP INSURANCE ASSOCIATION v. F. W. OGG (INSPECTOR OF TAXES).
(1926) 25 Ll.L.Rep. 203
KING'S BENCH DIVISION.
Before Mr. Justice Rowlatt.
Revenue - Income Tax - Assessment - Unlimited company carrying on business of marine insurance-Loss on contracts to buy ships-Whether ordinary business expenditure or capital expenditure -Case referred back to Commissioners for further investigation.