(1) SOUTHERN (H.M. INSPECTOR OF TAXES) v A.B.(1)(2) SOUTHERN (H.M. INSPECTOR OF TAXES) v A.B., LTD.(1) (1931-1934) 18 TC 59
NO. 885.–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION).–
31ST JANUARY AND 1ST FEBRUARY, 1933
Income Tax, Schedule D – Profits of illegal betting transactions.
A.B. carried on a business as a bookmaker, his business consisting solely of street betting. ‘A.B., Ltd.’ carried on a business of ready money betting through the post. No part of the business done by A.B. or by the Company was lawful betting and their activities involved offences for which penalties could be imposed.