Explain why the receipts in egerton-warburton amp ors v dfc


Explain why the receipts in Egerton-Warburton & Ors v DFC of T (1934) 51 CLR 568 were assessable, but the receipts in IRC v Ramsay (1935) 1 All ER 847 were treated as capital amounts. 

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Accounting Basics: Explain why the receipts in egerton-warburton amp ors v dfc
Reference No:- TGS01119082

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