DAPHNE v SHAW (H.M. INSPECTOR OF TAXES).(3) (1926-27) 11 TC 256
No. 589.–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION).–
9TH NOVEMBER, 1926.
Income Tax – Profession – Deduction – Wear and Tear and Obsolescence – Income Tax Act, 1918 (8 & 9 Geo. V, c. 40), Rules 6 and 7 of the Rules applicable to Cases I and II of Schedule D – Finance Act, 1925, Section 16.
The Appellant, a solicitor, claimed a deduction under Rules 6 and 7 of the Rules applicable to Cases I and II of Schedule D in respect of wear and tear and obsolescence of books forming part of his law library.
Held, that the books were not machinery or plant within the meaning of the said Rules.