COMMISSIONERS OF INLAND REVENUE v. THE NEW YORK & PACIFIC STEAMSHIP COMPANY, LTD.
(1924) 19 Ll L Rep 150
COURT OF APPEAL.
Before the Master of the Rolls (Sir E. Pollock), Lord Justice Warrington and Lord Justice Sargant.
Revenue-Corporation Profits Tax-Wear and tear of machinery - Basis of calculation according to Income Tax or Excess Profits Duty rules (whichever greater) in respect of deductions-Deductions carried forward from previous years.