SMITH & SONS v. COMMISSIONERS OF INLAND REVENUE.
(1928) 30 Ll.L.Rep. 247
HOUSE OF LORDS.
Before Lord Buckmaster, Viscount Sumner, Lord Wrenbury, Lord Carson and Lord Warrington of Clyffe.
Revenue-Excess Profits Duty-Assessment - Deductions - Grain importers-Purchase of shipments - Documents not taken up-Reservation of jus disponendi to shippers-Whether "trading stock in hand" - Loss on sales of stock - Finance Act, 1921, Second Schedule, Part II, r. 1.