4 Jul 2007
CHINA NAME LTD v. COMMISSIONER OF INLAND REVENUE
- Citation
- CHINA NAME LTD v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of Appeal
- Case number
- CACV342/2006
Appellants failed to discharge the burden under s.68(4) to prove the profits were capital; the Board's rejection of the capital character was not perverse or the only unreasonable conclusion and therefore the Board and the judge were correct to dismiss the appeals even absent an explicit finding that the appellants were trading.