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Court of Appeal Wellington
17 September 1981; 24 March 1982
Woodhouse P, Cooke and Barker JJ
17 September 1981; 24 March 1982
Woodhouse P, Cooke and Barker JJ
Income tax — "Income" — Whether compensation for the loss of a profit-making scheme, the profits of which would have been assessable income, was to be regarded as "income" according to general concepts — Land and Income Tax Act 1954, s 88(1)(c).