NO. 1127–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION)–

1ST AND 2ND FEBRUARY, 1940

Income Tax, Schedule D – Foreign possessions – Remittance basis – Foreign income accumulated and invested abroad – Investment sold and gift made out of proceeds by resident to donee in United Kingdom – Draft in favour of donee sent to donor – Whether remittance capital or income – Person ‘receiving or entitled to’ income – Income Tax Act, 1918 (8 & 9 Geo. V, c. 40), Schedule D, Case V, Rule 2, and Miscellaneous Rule 1.

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