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Court of Appeal Wellington
12, 13 October; 10 November 1992
Cooke P, Hardie Boys, and McKay JJ
12, 13 October; 10 November 1992
Cooke P, Hardie Boys, and McKay JJ
Revenue — Income tax — Deductions — Deduction of losses made on sales of shares — Whether costs of shares an expense on capital or revenue account — Income Tax Act 1976, ss 65 (2) (e), 101, 104(a) and 106(1)(a)
Practice and procedure — Costs — Circumstances justifying an award of solicitor and client costs to successful respondent.