Chancery Division.

Judgment delivered 24 April 1986.

Penalty – Failure to comply with notices issued requiring production of records for inspection – Validity of notices – Whether powers of Revenue should be restricted – Taxes Management Act 1970, sec. 20, 98(1); Income and Corporation Taxes Act 1970, sec. 186(6).

  This was an appeal by Monarch Assurance Co. Ltd. (M) against a decision of a Special Commissioner holding that the company was liable to a penalty for failing to comply with two notices served by a tax inspector pursuant to sec. 20(3) of the Taxes Management Act 1970.  p. 249   

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