INSPECTOR OF TAXES v. DOVER HARBOUR BOARD.

(1933) 47 Ll.L.Rep. 348

KING'S BENCH DIVISION.

Before Mr. Justice Finlay.

Revenue-Income tax-Revenue or capital expenditure - Harbour authorities - Expenditure incurred in removing sunken vessel and blockships-Appeal by Crown against finding of Tax Commissioners upholding harbour board's contention that the work "was of a nature similar to ordinary dredging or the removal of wrecks or other obstructions which might at any time occur in the harbour, and that the expenditure thereon was money wholly and exclusively laid out or expended for the purposes of the respondents' trade or business and was not capital employed in the business" - Income Tax Act, 1918, Schedule D, Cases I and II