(1) SETHIA v JOHN (H.M. INSPECTOR OF TAXES)(2) SETHIA v COMMISSIONERS OF INLAND REVENUE (1942-1948) 28 TC 153
NO. 1374–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION)–
9TH JUNE, 1947
Income Tax, Schedule D, and Excess Profits Tax – Business sold to company – Contracts unexecuted at date of sale executed by purchaser as agent for vendor – Whether vendor’s business discontinued at date of sale.