A firm of brewers were owners of an inn. A defective chimney fell and injured a guest, and the firm were found, in an action, liable in damages.
Held that in estimating the balance of the profits of their business for the purposes of income-tax the firm were not entitled to deduct the amount of damages so paid.
Judges:
Lord Chancellor (Loreburn), Lords Macnaghten, Davey, James of Hereford, Robertson, and Atkinson
Citations:
[1906] UKHL 624, 44 SLR 624
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 26 May 2022; Ref: scu.625470
