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Court of Appeal Wellington
21, 22 February; 17 March 1994
Richardson, Gault and McKay JJ
21, 22 February; 17 March 1994
Richardson, Gault and McKay JJ
Contract — Implied terms — New vehicle warranty — Whether exclusive statement of contractual responsibilities — Contingent liability — When liability to perform warranty arises.
Revenue — Income tax — Deduction of expenditure — Timing — When expenditure incurred — Contingent liability — Income Tax Act 1976, ss 101 and 104.
Revenue — Income tax — Income — Derivation of income — Timing — Deferred revenue — Completion of earning process — Performance of identifiable services beyond balance date — Income Tax Act 1976, ss 38 and 75.
Revenue — Income tax — Accruals — Excepted financial arrangement — Short-term agreement for sale and purchase of property — Relevance of form in which accounts kept — Income Tax Act 1976, ss 64B-64M.
Revenue — Income tax — Evidence — Relevance of form in which taxpayer's accounts kept.