SCOBLE AND OTHERS v SECRETARY OF STATE FOR INDIA. (1898-1903) 4 TC 478
NO. 249.–IN THE HIGH COURT OF JUSTICE (KING’S BENCH DIVISION).–
16th June, 1902.
Income Tax, Schedule C. – Annuity payable out of any public revenue. – The Secretary of State for India exercised option of purchasing the undertaking of a Railway Company by payment of an annuity for a term of years instead of a lump sum.
Held, that income tax was properly charged on the whole annuity. Foley v. Flecther distinguished.
STATEMENT OF CLAIM.
1. The plaintiffs are the annuity trustees referred to in the Great Indian Peninsula Railway Purchase Act, 1900. p. 479 →