Ryall v Hoare: 1923

It was argued that income tax was levied on annual profits. Since the appellants profit was raised within one tax year and not repeated, he argued that it could not properly be described as ‘annual’
Held: Though the wording of the tax act was not without difficulty, the argument failed.

Judges:

Rowlatt J

Citations:

(1923) 8 TC 521

Income Tax

Updated: 30 April 2022; Ref: scu.235901