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1 - 8 of 8 (0.48 seconds)Section 4 in Income Tax Rules, 1962 [Entire Act]
Section 10 in Income Tax Rules, 1962 [Entire Act]
Section 12 in Income Tax Rules, 1962 [Entire Act]
Section 13 in Income Tax Rules, 1962 [Entire Act]
Section 34 in Income Tax Rules, 1962 [Entire Act]
Income Tax Rules, 1962
Cross (Inspector Of Taxes) vs London Provincial Trust, Ltd. on 31 January, 1938
The decision in Cross (H.M. Inspector of Taxes) v. London
and Provincial Trust Ltd.(1) on which counsel for the
appellant relied has, in our judgment, no application to
this case. In 1932 the Brazilian Government suspended
payment of interest on Government bonds for a period of
three years and issued interest bearing funding bonds in
exchange for the interest coupons. The London and
Provincial Trust Ltd. which held among its investments
Brazilian bonds received funding bonds which it sold from
time to time, It was held that by issuing the funding bonds
the Government of Brazil did not pay interest and the
assessee Bank received no interest when it received the
funding bonds. Sir Wilfrid Greene, M.R. observed :
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