PARKER v BATTY (H.M. INSPECTOR OF TAXES)BATTY (H.M. INSPECTOR OF TAXES) v PARKER (1938-1941) 23 TC 739
No. 1175–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION)–
18TH MARCH, 1941
Income Tax, Schedule D – Profits of trade – Business sold to company – Subsequent receipt by vendor of sums due in respect of hire-purchase agreements subsisting at date of sale – Whether trading profits assessable under Case I of Schedule D.