Bryant and May Bell and Company Ltd v Commissioner of Taxes - [1933] NZLR 831

Revenue — Income-tax — Deductions — "Interest" — Postponed Payment of Purchase-price of Goods supplied from England pending Anticipated Reduction of Exchange-rate — Interest on same paid by Purchaser-company during such Postponement — Whether same deductible in calculating its Assessable Income — Land and Income Tax Act, 1923, s 80 (1) (h), (2).