Commissioner of Inland Revenue v Auckland Savings Bank - [1971] NZLR 569

Income tax — Income tax payable — Assessable income — Bank's profits on realisation of investments — Effect of misapprehension of Legislature as to existing law — Trustee Savings Banks Act 1948, ss 25, 26, 27 — Land and Income Tax Act 1954 (Reprint 1969), s. 88.

Statutes — Interpretation — Misapprehension of Legislature as to existing law — Effect — Trustee Savings Banks Act 1948, ss 25, 26, 27 — Land and Income Tax Act 1954 (Reprint 1969), s 88.