ALEXANDER HOWARD AND CO., LTD. v BENTLEY (H.M. INSPECTOR OF TAXES) (1943-1949) 30 TC 334
No. 1411 – HIGH COURT OF JUSTICE (KING’S BENCH DIVISION) –
16TH AND 19TH JULY, 1948
Income Tax, Schedule D – Deduction – Lump sum payment to obtain release from a contingent liability to pay annuity to widow of former owner, now governing director of the company’s business – Income Tax Act, 1918 (8 & 9 Geo. V. c. 40), Schedule D, Cases I and II, Rule 3.