Ridge Securities Ltd. v Commissioners of Inland Revenue(1) (1964-1968) 44 TC 373
HIGH COURT OF JUSTICE (CHANCERY DIVISION)–
5TH, 6TH, 10TH, 11TH AND 12TH DECEMBER 1963
Income tax, Schedule D–Loss in trade–Financial concern–Securities sold at undervalue–Whether purchased and sold in course of trade–Non-trading sale and purchase of securities originally purchased in course of trade–Computation of profits of vendor and purchaser respectively–Income Tax Act 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), s. 341.