Casey v Royal Cinemas (Limerick) Ltd

• Jurisdiction: Ireland
• Judgment Date: 31 July 1965
• Date: 31 July 1965
• Docket Number: (1960. No. 32.)
• Court: High Court

(H.C.)

Casey

and

Royal Cinemas (Limerick) Ltd

Action brought by building contractor against taxpayer - Action defended -Costs of defending action - Whether referable to profits or capital - Income Tax Act, 1918, Sch. D. Cas. 1 and 2, r. 3.

The promoter of the respondent company engaged M. & Co. to build a cinema. The building was completed on the 17th November, 1947. The company was registered on the 3rd January, 1948, and took over all the assets and liabilities of the promoter in relation to the business. The amount finally payable...