Hutchinson & Co. (Publishers), Ltd. v Turner (H.M. Inspector of Taxes)(1) (1946-1950) 31 TC 495
No. 1449–HIGH COURT OF JUSTICE–
11TH, 12TH AND 20TH JULY, 1950
Income Tax, Schedule D–Profits of trade–Publications produced for benefit of trade charitable association – Profits from sale paid over to association–Whether such profits to be included in computation of company’s liability – Deductions – Life subscriptions to association paid by company on behalf of employees–Whether an admissible deduction.