No. 876.–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION).–

30TH JANUARY AND 13TH FEBRUARY, 1933

Excess Profits Duty – Whether trade carried on – Liability of executrices – Finance (No. 2) Act, 1915 (5 and 6 Geo. V. c. 89), Section 45 (2); Finance Act, 1926 (16 and 17 Geo. V. c. 22), Section 38.

  In 1926, the Commissioners of Inland Revenue served upon a trader a notice under Section 38(2) of the Finance Act, 1926, that they considered his liability to Excess Profits Duty in respect of his business as wholesale jeweller and diamond dealer as being undetermined. He died in June, 1927, before his liability had been computed.

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