Edge v Commissioner of Inland Revenue - [1958] NZLR 42

Revenue — Income tax — Purchase of Trading Stock — Livestock bought at Public Auction as Part of Farm sold as Going Concern — Commissioner apportioning as the Consideration attributable to Stock a Definite Part of Whole Consideration — Such Figure finally "deemed to be the price paid for the trading stock" by the Purchaser — Commissioner not entitled to fix Another Figure to be deemed "the market price which the stock realized" — Land and Income Tax Amendment Act 1926, s. 5 (1) — Land and Income Tax Amendment Act 1949, s. 9 (1) — (Land and Income Tax Act 1954, ss. 101 (1), 102 (1)).