THE "COUNTESS OF WARWICK" STEAMSHIP COMPANY v. F. W. OGG, H.M. INSPECTOR OF TAXES.
(1924) 18 Ll.L.Rep. 360
KING'S BENCH DIVISION.
Before Mr. Justice Rowlatt.
Revenue-Income-Tax-Amount paid by purchasers to vendors to be released (in view of fall in values) from contract to buy ship-Whether trading expenditure or capital expenditure.