FAULCONBRIDGE (H.M. INSPECTOR OF TAXES) v. NATIONAL EMPLOYERS' MUTUAL GENERAL INSURANCE ASSOCIATION, LTD.
[1952] 1 Lloyd's Rep. 17
CHANCERY DIVISION.
Before Mr. Justice Upjohn.
Revenue - Income tax - Assessment - Mutual insurance company - Profits or gains - Surpluses arising from business done with members-Trade or business.