Chancery Division.

Vinelott J.

Judgment delivered 4 March 1994.

Income tax – Interest paid gross – National savings bonds – Taxpayer received interest bringing his income into tax – Mistaken belief that interest was free of tax – Whether representation in Department of National Savings leaflet that bonds were free of tax.

  This was an appeal by the taxpayer from a decision of the general commissioners for Truro upholding an assessment to income tax for the year 1990-91 in respect of interest on National Savings income bonds.

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