LawCare Nigeria

Nigeria Legal Information & Law Reports

INTERNATIONAL U.K. House of Lords

Inland Revenue Commissioners v Binns [1964] UKHL TC_41_598 (01 January 1964)

admin 0

Inland Revenue Commissioners v Binns [1964] UKHL TC_41_598 (01 January 1964)

Profits Tax – Gross relevant distributions – Principal and subsidiary companies – Grouping notice followed by division of subsidiary’s accounting period into two chargeable accounting periods by reference to date of entry into group – Dividend declared for second period – Whether apportionable over whole accounting period – Whether retrospective division valid – Finance Act, 1937 (1 Edw. V III & 1 Geo. V I, c. 54), Section 22 ; Finance Act, 1947 (10 & 11 Geo. V I, c. 35), Sections 35(1), 37 and 38.
A HTML version of this file is not available click here to view the whole pdf version : [1964] UKHL TC_41_598

Source: https://www.bailii.org/

admin

Website:

Related Story