Bern v Commissioner of Taxes - [1950] NZLR 632

Public Revenue — Income-tax — Assessable Income — Testator devising Farm to Son charged with Annuity to Testator's Widow — Payment of Annuity Expenditure of Capital, and not "exclusively incurred in the production of the assessable income" — Land and Income Tax Act, 1923, s 80 (1) (b) (2).