Commissioner of Inland Revenue v Lloyds Bank Export Finance Ltd - [1990] 2 NZLR 154

Income tax — Assessments — Time limit — For 1976 and 1977 income years Commissioner issued notices to taxpayer showing no tax payable because of losses carried forward — More than four years later Commissioner purported to make assessments of income tax for the 1976 and 1977 years — Whether notices issued by Commissioner were "assessments" — Whether Commissioner was subsequently barred from making assessments for those years — Income Tax Act 1976, ss 19 and 25.