Marson (H.M. Inspector of Taxes) v Morton and related appeals.  BTC 377
Judgment delivered 31 July 1986.
Income tax – Schedule D, Case I – Trade – Purchase and sale of land – Land purchased as investment – Whether adventure in nature of trade – Whether Commissioners’ decision unreasonable on facts found – Whether Commissioners misdirected themselves in law.
This was an appeal by the Crown against a decision of the General Commissioners whereby they discharged assessments to income tax under Sch. D, Case I made on profits arising from a transaction involving the purchase and sale of land.