NO. 278.–COURT OF EXCHEQUER (SCOTLAND), FIRST DIVISION.–

7th November, 1905.

Income Tax. – Schedule D. – Company established for the buying and selling of granite move their business to larger premises, and defray the whole cost of removal out of revenue. In calculating their profits for assessment under Schedule D, the Company claim a deduction for the expenses of carting granite from the old yard to the new, and of taking down and re-erecting two cranes.

  

  Held, that these items were not allowable deductions.

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