BROGAN (H.M. INSPECTOR OF TAXES) v. STAFFORD COAL AND IRON COMPANY, LTD. COMMISSIONERS OF INLAND REVENUE v. SAME
[1962] 2 Lloyd's Rep. 99
COURT OF APPEAL
Before Lord Denning (Master of the Rolls), Lord Justice Donovan and Lord Justice Pearson*
Revenue-Income tax-Distribution of surplus assets of mutual insurance company between members on winding up - Whether sums received by members were trading or capital receipts.