Babbage v Commissioner of Taxes - [1943] NZLR 21

Public Revenue — Income-tax — Social Security Charge — National Security Tax — Live Stock — Income Year ending March 31, 1940 — Standard Values — Market Values — Taxpayer's Income before that Year not liable to Income-tax, but Annual Returns for Unemployment Relief Tax and Social Security Charge made in which Standard Values adopted for Live Stock — Amended Return for Income-tax for that Year adopting Market Values for Live Stock — Whether Commissioner entitled to assess Live Stock in Statement of Income made by him at Standard Values adopted by Taxpayer in his former Returns for Unemployment Relief Tax and Social Security Charge — Land and Income Tax Act, 1923, s 15 — Land and Income Tax Amendment Act, 1931, s 4 (1) (a) (2) — Land and Income Tax Amendment Act, 1932, s 4 — Social Security Act, 1938, ss 108, 109, 127 (1) — Land and Income Tax Amendment Act, 1939, ss 2, 14 (4), 16 (9) — Finance Act, 1941, s 25.