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BW Nobes & Co Ltd v Inland Revenue Commissioners [1965] UKHL TC_43_133 (15 December 1965)

BW Nobes & Co Ltd v Inland Revenue Commissioners [1965] UKHL TC_43_133 (15 December 1965)

Income tax – Annual paym ent – Paym ent charged against capital in payer’s accounts – Profits exceeding annual paym ent but less than aggregate o f annual paym ent and dividend paid – W hether annual paym ent made wholly out o f taxed profits – Income Tax A ct 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), s. 170.
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