Harry Ferguson (Motors), Ltd. v Commissioners of Inland Revenue(1) (1950-1952) 33 TC 15
HIGH COURT OF JUSTICE, NORTHERN IRELAND (KING’S BENCH DIVISION)–
23RD, 24TH, 25TH, 26TH, 27TH, 30TH AND 31ST JANUARY, 1ST FEBRUARY AND 23RD JUNE, 1950
COURT OF APPEAL, NORTHERN IRELAND–
23RD, 24TH, 25TH, 26TH AND 30TH APRIL, 1ST MAY AND 14TH JUNE, 1951
Excess Profits Tax–Patents relating to plough developed by managing director of motor-dealing company with facilities provided by company –Agreement for company to receive certain sums, in one case with interest, out of profits from exploitation of patents–Whether sums to be included in computation of company’s profits–Whether interest receivable by company income from an investment.