Asia Mill Ltd v Ryan (Inspector of Taxes): HL 28 Jun 1951

HL Income Tax, Schedule D – Purchases of stocks of cotton from Cotton Controller – Provision for adjusting payments to be made in event of subsequent change in price of cotton – Sum paid to Controller under this arrangement – Whether part of cost of stock-in-trade.

Citations:

[1951] UKHL TC – 32 – 275, [1951] WN 390, 32 TC 275

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 28 June 2022; Ref: scu.560163