Allchin (H M Inspector of Taxes) v Corporation of South Shields [1943] UKHL TC_25_445 (5 August 1943)

Allchin (H M Inspector of Taxes) v Corporation of South Shields – [1943] UKHL TC_25_445 5 August 1943

Income Tax-Local authority-Liability to account for tax deducted from interest-General rate fund comprising all receipts and all outgoings-Separate accounts for industrial undertakings-Power to apply each year out of the general rate fund a sum, not exceeding the surplus profits of each undertaking, to specified purposes of the undertaking-Whether surplus profits of undertakings available for payment of interest-Income Tax Act, 1918 (8 & 9 Geo. V, c. 40), Rule 6, Miscellaneous Rules applicable to Schedule D, and Rules 19 and 21, General Rules applicable to Schedules A, B, C, D and E\ South Shields Corporation Act, 1935 (25 & 26 Geo. V, c. xcvi), Sections 112 to 116.
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