LOMAX (H.M. INSPECTOR OF TAXES) v PETER DIXON & SON, LTD.(1) (1941-1943) 25 TC 353
No. 1260–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION)–
10TH AND 25TH JANUARY, 1943
COURT OF APPEAL–
1ST, 2ND AND 3RD JUNE AND 8TH JULY, 1943
Income Tax, Schedule D – Advances to foreign company – Repayment by series of notes issued at a discount and redeemable at a premium – Whether discount and premium received on redemption capital or income – Income Tax Act, 1918 (8 & 9 Geo. V, c. 40), Schedule D, Case V, Rule 2.