COMMISSIONERS OF INLAND REVENUE v. KLEINWORT BENSON, LTD.
[1969] 1 Lloyd's Rep. 152
CHANCERY DIVISION
Before Mr. Justice Cross
Revenue-Income tax-Assessment-Tax advantage -Purchase by bank of debenture stock with arrears of interest accrued - Whether object of transaction to obtain a tax advantage-Finance Act, 1960, Sect. 28 (1) (2) (a), (b), Sect. 43 (4) (g)-Meaning of "fall in the value".