Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

SHORT BROTHERS v. COMMISSIONERS OF INLAND REVENUE.

(1927) 27 Ll.L.Rep. 81

COURT OF APPEAL.

Before the Master of the Rolls (Lord Hanworth), Lord Justice Sargant and Lord Justice Lawrence.

Revenue-Excess Profits Duty-Shipbuilding company - Cancellation of contract to build ships-Sum paid as compensation -Whether a profit "arising from any trade or business" or a capital receipt -Whether there should be apportionment over contract period - Finance (No. 2) Act, 1915, Sect. 38.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.