Doody v Commissioner of Taxes - [1941] NZLR 452

Public Revenue — Income-tax — Infant Beneficiaries' Income — Exemption — Income "derived by a beneficiary entitled in possession to the receipt thereof under the trust during the same income year" — Assessment of Income of Infant Beneficiary where part Income applied towards Maintenance, &c, and part Accumulated — "Entitled in possession" — Land and Income Tax Act, 1923, s 102 — Land and Income Tax Amendment Act, 1939, s 27.