Commissioner Of Inland Revenue v Dasent - [1956] NZLR 959

Public Revenue — Income Tax — Deduction — Trustees "engaged in farming business" during Tax-year constructing Pipe-line to convey Water for Use on Land — Claim for £300 Deduction — Trustees as Taxpayers "deriving" Income from Such Business entitled to Such Deduction — Life-tenant enjoying Trust Income from Such Farming Operations — Life-tenant not entitled to Benefit of Deduction in Her Return as She was not "engaged in farming business" — Land and Income Tax Act 1954, ss 119 (1) (b) (iii), 155 (d).