Milverton Quarries Ltd v Revenue Commissioners

• Jurisdiction: Ireland
• Judgment Date: 30 July 1960
• Date: 30 July 1960
• Court: Supreme Court

(S.C.)

Milverton Quarries Ltd

and

Revenue Commissioners

Quarry - Top soil removed before blasting - Whether capital or revenue expenditure - Income Tax Act, 1918, Sch. D, Cases I and II, r. 3 (f).

The cost of removing top soil from a quarry before blasting in order to ensure the purity of the rock so blasted is a revenue, and not a capital expenditure and therefore is admissible as a deduction from profits for income tax purposes. So held by the Supreme Court (Maguire C.J., Lavery, Kingsmill Moore, O'Daly and Maguire JJ.), affirming Teevan J.