James Spencer & Co. v Commissioners of Inland Revenue(1) (1950-1952) 32 TC 111
No. 1458–COURT OF SESSION (FIRST DIVISION)–
25TH, 26TH AND 31ST MAY, 1950
Excess Profits Tax – Income Tax principles – Firm of stevedores not insured against compensation claims by its workmen – Period in which sums payable under such claims to be debited in computing profits.