Babington v Commissioner of Inland Revenue - [1957] NZLR 861

Public Revenue — Income-tax — "Assets method" a Valid Method of Assessment — Alteration of Commissioner's Assessment — Onus on Taxpayer to establish Objection that Assessment Excessive — Limitation of Time for Assessment — Ten-year Period — Application of Maxim, De minimis non curat lex, in Proper Cases, to Amounts omitted from Taxpayer's Return during Such Period — Land and Income Tax Act, 1923, ss 14, 15; Land and Income Tax Act 1954, s 24.