Income Tax Act, 1952 (Section 245)

HC Deb 01 June 1962 vol 660 cc158-9W

Mr. Skeet

asked the Chancellor of the Exchequer how many cases arising out of Section 245 of the Income Tax Act, 1952, have been taken to the Special Commissioners on appeal on the issue of whether a reasonable dividend has been paid; and of these how many have been won by the taxpayer.

Mr. Barber

In the ten years ended 31st March, 1962, the Special Commissioners heard 42 appeals on the issue mentioned by my hon. Friend, of which 19 were won by the taxpayer.