Chancery Division.

Judgment delivered 17 October 1986.

Income tax – Incorrect returns – Negligent delivery of inaccurate trading accounts – Appeal against award of penalties – Whether award to be set aside or reduced – Taxes Management Act 1970, sec. 95(1)(c), 100(6).

  This was an appeal by the taxpayer against penalties imposed by the General Commissioners for making incorrect tax returns.

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