Symons (H.M. Inspector of Taxes) v Weeks and Others. 1983 BTC 18
Judgment delivered 8 December 1982.
Income tax – Computation of profits and gains – Progress payments for long-term contracts received by firm of architects – Returns furnished on an earnings basis – Method of treatment in accounts – Whether accounts should be drawn up on correct principles of commercial accountancy – Whether accounts provided a proper basis for determining profit and loss – Whether total progress payments received should have been included – Whether accounts should be re-written to alter estimates to reflect subsequent events – Income and Corporation Taxes Act 1970, sec. 115.