Minister of National Revenue v Anaconda American Brass Ltd
| Jurisdiction | UK Non-devolved |
| Judgment Date | 1955 |
| Date | 1955 |
| Year | 1955 |
| Court | Privy Council |
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43 cases
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Carroll Industries Plc v Ó Culacháin, S. (Inspector of Taxes)
...to principle. Whimster & Co. v. The Inland Revenue [1926] S.C. 20; Minister of National Revenue v. Anaconda American Brass Ltd.ELR [1956] A.C. 85; Patrick v. Broadstone Mills Ltd.WLR [1954] 1 W.L.R. 158; B.S.C. Footwear v. RidgwayELR [1972] A.C. 544; Lowe & Others v. Inland Revenue Commissi......
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Threlfall v Jones (Inspector of Taxes) ; Gallagher v Same
...practice which complied with ordinary principles of commercial accountancy. 61The taxpayer company in Minister of National Revenue v Anaconda American Brass Limited [1956] AC 85 manufactured and sold metal products. For that purpose it bought metal for processing. The cost of metal having r......
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Herbert Smith (A Firm) v Honour (Inspector of Taxes)
... ... The Revenue contended that although that was a proper ... ...
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HM Revenue and Customs v William Grant and Sons Distillers Ltd; Small (Inspector of Taxes) v Mars UK Ltd
...160; 66 TC 77 Inland Revenue Commissioners v Secan LtdTAX [2000] 74 TC 1 Minister of National Revenue v Anaconda American Brass LtdELRWLR [1956] AC 85; [1956] 2 WLR 31 Patrick v Broadstone Mills LtdWLRUNKTAX [1954] 1 WLR 158; [1954] 1 All ER 163; 35 TC 44 Russell v Town and Country Banks Lt......
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4 books & journal articles
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Law and Accounting
...and another for tax purposes can cause a signiicant diference in the inal net income igure. 27 MNR v Anaconda American Brass Ltd , [1956] 2 WLR 31 (PC on appeal from SCC) [ Anaconda ]. Chapter 17: Law and Accounting 373 4. Conformity of Accounting Methods A taxpayer’s income for a taxation ......
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The Balance Sheet
...— one for financial statement purposes; the other for tax purposes. 2 Minister of National Revenue v Anaconda American Brass Ltd , [1956] 2 WLR 31 (PC). 100 Understanding Financial Statements Example Using the same data for Young Stores Limited, the ending inventory using LIFO would be: 2,0......
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Law and Accounting
...rejected for tax purposes as being inappropriate. 30 Here once 30 Minister of National Revenue v Anaconda American Brass Ltd , [1956] 2 WLR 31 (PC on appeal from SCC) [ Anaconda ]. c hapter Xi: law and accounting 253 again, the use of one method for accounting and another for tax purposes c......
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The Judicial Determination of Fair Market Value
...true profit must be ascertained as nearly as may be done. The rationale of Anaconda American Brass is a legal principle. 32 30 (1955), [1956] A.C. 85, [1955] C.T.C. 311 (J.C.P.C.) [ Anaconda American Brass ]. 31 R.S.C. 1927, c. 97. 32 The principle from Anaconda American Brass seems to be r......