The Special Act of a gas company provided that the profits of the company to be divided among the ordinary shareholders in any year should not exceed a specified rate.
Held that in calculating the rate of dividend income tax ought to be included.
Judges:
Lord Chancellor (Halsbury), Lords Robertson and Lindley
Citations:
[1905] UKHL 567, 43 SLR 567
Links:
Jurisdiction:
England and Wales
Company
Updated: 26 April 2022; Ref: scu.621192